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1917 E Yale Drive Tempe, AZ 85283

3 Beds 2 Baths 1,787 sqft Built 1973

$409,999

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $229.43
  • 7 Days on Market
  • MLS # : 6185437
  • Updated Date : 01/25/2021 at 21:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,787 sqft
  • Baths : 2 full
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Beautiful Remodeled home next to Optimist Park. New Tile flooring and Carpet, New Kitchen Cabinets and appliances, remodeled Master bathroom shower. New Paint inside and outside as well as new fans and fixtures. This home is close access to the freeway and down the street from Tempe Marketplace as well as Arizona State University. Home was recently appraised at 415k instant equity, Open house Saturday Jan 30th 10AM-12PM. do not disturb Tenants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Optimist Park Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Optimist Park Northwest

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
Fuller Elementary School Primary Regular 610 34 9
Fees College Preparatory Middle School Middle Regular 925 59 4
Marcos De Niza High School High Regular 1,582 76 4

Fuller Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 34
9
GreatSchools Rating

Fees College Preparatory Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 59
4
GreatSchools Rating

Marcos De Niza High School

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

$368,999$450,999$409,999

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,424
Property Tax -$270
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$145

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.

$409,999

PROJECTED PRICE

$1,710

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,499
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,546

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
  • $1,988

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$1,9754$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1917 E Yale Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1915 E Colgate Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1972
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.06
    •  
  • 1915 E Gemini Drive Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1973
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.13
    •  
  • 5460 S Kenwood Lane Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1973
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.14
    •  
  • 1868 E Auburn Drive Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1974
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.12
    •  
PROPERTY LISTING DETAILS
Ramon J Nunez
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185437
Last Updated: 01/25/2021
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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