Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1455 N El Camino Drive Tempe, AZ 85281

4 Beds 3 Baths 2,444 sqft Built 1980

$580,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $237.32
  • 3 Days on Market
  • MLS # : 6167696
  • Updated Date : 12/05/2020 at 14:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,444 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Nestled into the private urban Papago preserve is this beautifully updated home,seller has spared no expense with extensive recent remodel including all 3 bathrooms,upgrades include quartz counter tops,free standing tub in master suite, custom glass shower enclosure / dual shower with overhead and hand held feature, lighting,vanity with built in storage, fixtures,flooring and tile, beautifully done,updated kitchen cabinetry,counters and backsplash just installed,newer stainless appliances and wet bar for entertaining,newer AC units,exterior just painted,community RV,boat storage for additional $10.00 per month so bring your toys !well maintained community with green belts throughout,Minutes to Tempe town lake,bike paths,Phoenix zoo,Botanical Garden,ASU and Sky Harbor,Move In Ready

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marlborough Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k417k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Marlborough Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8571981

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Laird School Primary Regular 433 29 2
Laird School Middle Regular 433 29 2
Mcclintock High School High Regular 1,771 81 6

Laird School

  • Education Level: Primary
  • # of students: 433
  • # of teachers: 29
2
GreatSchools Rating

Laird School

  • Education Level: Middle
  • # of students: 433
  • # of teachers: 29
2
GreatSchools Rating

Mcclintock High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 81
6
GreatSchools Rating
 

$522,000$638,000$580,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,140
Property Tax -$382
Property Insurance -$75
HOA -$41
Property Management Fees -$99
CASH FLOW
-$497

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$580,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,450

INVESTMENT

$159,450

Down Payment
$145,000
Rehab Estimate
$5,750
Closing Costs
$8,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $145,000
Loan Amount $435,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,501

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,383

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$2,2004$2,2755$2,900
$2,900
RENT COMPS ANALYSIS
  • 1455 N El Camino Drive Tempe, AZ 1
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1441 N El Camino Drive Tempe, AZ 2
    • 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1980
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 7212 E Latham Street Scottsdale, AZ 3
    • 5 beds 2 baths ∙ 2,332 Sqft ∙ Built 1960 5 beds 2 baths ∙ 2,332 Sqft ∙ Built 1960
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 456 E Bluebell Lane Tempe, AZ 4
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1984
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.93
    •  
  • 1708 N Daffodil Street Tempe, AZ 5
    • 5 beds 3 baths ∙ 2,560 Sqft ∙ Built 1968 5 beds 3 baths ∙ 2,560 Sqft ∙ Built 1968
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.13
    •  
PROPERTY LISTING DETAILS
Deborah Bonilla
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167696
Last Updated: 12/05/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy