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1729 E Bell De Mar Drive Tempe, AZ 85283

3 Beds 2 Baths 1,700 sqft Built 1974

$395,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $232.35
  • 3 Days on Market
  • MLS # : 6206020
  • Updated Date : 03/12/2021 at 17:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

O48 Realty

Listing Agent's Description

Lovely single story home in Tempe, light & brigh open floor plan. 3 bedroom, 2 new bath with updated vanity & tile, new paint inside & out, All new wood look plank tile throughout, New carpet in the bedrooms. Kitchen with new stainless appliances, Brand new pool with new plaster & pavers. Mater bedroom has sliding door to charming backyard. Custom fireplace. Home is ready for.a new owner.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kiwanis - the Lakes

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k358k

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

Neighborhood: Kiwanis - the Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9681981

* 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
Kyrene De Los Ninos College Bound Dual Language Academy Primary Regular 706 40 6
Kyrene Middle School College Preparatory Academy Middle Regular 1,056 55 6
Marcos De Niza High School High Regular 1,582 76 4

Kyrene De Los Ninos College Bound Dual Language Academy

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Middle School College Preparatory Academy

  • Education Level: Middle
  • # of students: 1,056
  • # of teachers: 55
6
GreatSchools Rating

Marcos De Niza High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 76
4
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,372
Property Tax -$285
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$137

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.

$395,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,046

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,913

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6803$1,8004$1,8505$1,975
$1,975
RENT COMPS ANALYSIS
  • 1729 E Bell De Mar Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.99
    •  
  • 6467 S Butte Avenue Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1984
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 7440 S Juniper Street Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1982
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.16
    •  
  • 1630 E Redfield Road Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.18
    •  
  • 1915 E Gemini Drive Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1973
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.13
    •  
PROPERTY LISTING DETAILS
Tyler D Whitmore
O48 Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206020
Last Updated: 03/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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