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1831 E Oasis Drive Tempe, AZ 85283

3 Beds 2 Baths 1,688 sqft Built 1994

$399,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $236.37
  • 4 Days on Market
  • MLS # : 6180940
  • Updated Date : 01/15/2021 at 01:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,688 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Charming, open, three-bedroom home in the Kyrene district community, walking distance from the breathtaking Sunset Lake at Oasis. This delightful Ranch-style home boasts vaulted ceilings, tile flooring throughout and plenty of natural lighting. Entryway opens to a large living room with beautiful picture window and a spacious dining area. Large kitchen contains ample beautifully-crafted cabinetry and counter space, including large island and eating area. Separate bath/shower and double sinks in Master bedroom. Attached cabinets in 2-car garage make for helpful additional storage space. Landscaping is practically maintenance free. Lake subdivision with lovely, scenic bike and walking trails. Please see Showing Time for appt. This beautiful home in such a delightful subdivision won't

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Capistrano

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Capistrano

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $10001981

* 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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,386
Property Tax -$288
Property Insurance -$60
HOA -$21
Property Management Fees -$99
CASH FLOW
$36

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.

$399,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$24,961

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
  • $1,891

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,8004$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 1831 E Oasis Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6467 S Butte Avenue Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1984
    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
    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
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.18
    •  
  • 1215 E Divot Drive Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1987
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.11
    •  
PROPERTY LISTING DETAILS
Ryan Gerdes
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180940
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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