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1609 E Gaylon Drive Tempe, AZ 85282

3 Beds 2 Baths 1,458 sqft Built 1967

$399,999

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $274.35
  • 2 Days on Market
  • MLS # : 6163422
  • Updated Date : 11/21/2020 at 19:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,458 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This house really does have it all: gorgeous updated 3 bed 2 bath turnkey ranch home in great neighborhood with spacious bonus room, beautiful accent walls, wood burning fire place, travertine and porcelain tile, and fresh paint throughout. The kitchen has granite countertops, stainless steel appliances, brand new oven and dishwasher, and solid wood cabinets. Separate laundry with storage. Backyard has beautiful large pebble tech pool, new awning for shade over pool, and free standing casita with full bath and galley kitchenette which is perfect for an office, art studio, pool house, or exercise room! 100 yards to Meyer Park, walking distance to light rail and shops, and close to ASU and public transportation. Two car carport. Great forever home or rental with high potential.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meyer Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

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

Neighborhood: Meyer Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $10001703

* 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
Hudson Elementary School Primary Regular 476 26 6
Connolly Middle School Middle Regular 1,058 57 6
Mcclintock High School High Regular 1,771 81 6

Hudson Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 26
6
GreatSchools Rating

Connolly Middle School

  • Education Level: Middle
  • # of students: 1,058
  • # of teachers: 57
6
GreatSchools Rating

Mcclintock High School

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

$359,999$439,999$399,999

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,476
Property Tax -$263
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$414

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$399,999

PROJECTED PRICE

$1,480

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,446

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,582

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5003$1,6004$1,6405$1,700
$1,700
RENT COMPS ANALYSIS
  • 1609 E Gaylon Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.02
    •  
  • 1707 E Gaylon Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1971
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 2220 S Kachina Drive Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,476 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,476 Sqft ∙ Built 1971
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.08
    •  
  • 2906 S Elm Street Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1967
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.11
    •  
  • 1233 E Broadmor Drive Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1965
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
PROPERTY LISTING DETAILS
Quinn Tattle
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163422
Last Updated: 11/21/2020
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.

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