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

1741 E Divot Drive Tempe, AZ 85283

3 Beds 2 Baths 1,560 sqft Built 1984

$449,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $287.82
  • 1 Days on Market
  • MLS # : 6263781
  • Updated Date : 07/13/2021 at 17:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

Prosmart Realty

Listing Agent's Description

This wonderful 3 Bedroom/2 Bath/1560 Sq Ft home in Tempe is pristine & move-in ready. Vaulted ceilings lend an air of spaciousness and the soft colors and Low-E windows project a feeling of coolness and comfort. Flooring consists of carpeting in family room & bedrooms, laminate wood in walkways & kitchen with tile in the bathrooms. The amply sized great room provides plenty of room for relaxing & entertaining. Recent upgrades include all new carpeting and new kitchen appliances. The kitchen is sure to please any chef with all new black & stainless appliances including double door frig, stove, built-in microwave & dishwasher as well as granite countertops with tile backsplash, a plethora of cabinets, a peninsula with breakfast bar & dining area. The split master bedroom features an

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dava-Lakeshore

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Dava-Lakeshore

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9461981

* 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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,560
Property Tax -$324
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$381

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.

$449,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,029

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,837

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6603$1,8004$1,8455$1,850
$1,850
RENT COMPS ANALYSIS
  • 1741 E Divot Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.06
    •  
  • 1855 E Sunburst Lane Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1982
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.10
    •  
  • 1073 E Chilton Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 1985
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.20
    •  
  • 1412 E Redfield Road Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1974
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.23
    •  
  • 1630 E Redfield Road Tempe, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Gina Donnelly
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263781
Last Updated: 07/13/2021
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.

BESbswy