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

1929 E Calle De Arcos Street Tempe, AZ 85284

4 Beds 3 Baths 2,917 sqft Built 1985

$619,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $212.51
  • 3 Days on Market
  • MLS # : 6167703
  • Updated Date : 12/05/2020 at 18:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,917 sqft
  • Baths : 3 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

HGTV DESIGNS HERE*PAVER CONVERSATION PATIO WELCOMES YOU INTO YOUR NEW HOME*SOARING CEILINGS WITH RUSTIC BEAMS SET THE ATMOSPHERE FOR THE REST OF THIS STYLISH HOME*WOOD-LOOKING LAMINATE FLOORS, SHUTTERS, NEW FIXTURES, FARM SINK, GRANITE COUNTERS, GRAY CABINETS, WOOD MOULDING TRIMMED WINDOWS, ADDED RECESSED LIGHTS, COZY BRICK SURROUND FIREPLACE, BARN DOORS, DESIGNER BATHS WITH CUSTOM MIRRORS, SINKS, SHOWER SURROUNDS AND CABINETS*OUTBACK EXTENDED COVERED PATIO W/CONVENIENT PASS THRU WINDOW, EXTENDED PAVER PATIO, LARGE POOL, GRASSY PLAY AREA AND LUSH TREES FOR SHADE AND PRIVACY*HOME'S EXTERIOR RECENTLY PAINTED AND 2.5-CAR GARAGE COMPLETE THIS PACKAGE*NO HOA*TUCKED NICELY IN COMMUNITY WITH N/S EXPOSURE AND CONVENIENTLY LOCATED NEAR UPSCALE SHOPPING, FREEWAYS (I-10, 101, 202, US60),

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estate la Colina

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k523k

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

Neighborhood: Estate la Colina

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $10002248

* 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
C.i. Waggoner School Primary Regular 612 34 8
Kyrene Middle School College Preparatory Academy Middle Regular 1,056 55 6
Corona Del Sol High School High Regular 2,781 114 7

C.i. Waggoner School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 34
8
GreatSchools Rating

Kyrene Middle School College Preparatory Academy

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

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$557,910$681,890$619,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$2,287
Property Tax -$448
Property Insurance -$84
Property Management Fees -$99
CASH FLOW
-$588

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.

$619,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.1%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,024

INVESTMENT

$170,024

Down Payment
$154,975
Rehab Estimate
$5,750
Closing Costs
$9,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,287

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,975
Loan Amount $464,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,036

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,545

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,330
1$2,3302$2,5003$2,6004$2,6505$2,650
$2,650
RENT COMPS ANALYSIS
  • 1929 E Calle De Arcos Street Tempe, AZ 1
    • 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.80
    •  
  • 4146 W Kent Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1986
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
  • 4080 W Linda Lane Chandler, AZ 3
    • 5 beds 3 baths ∙ 3,227 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,227 Sqft ∙ Built 1995
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.81
    •  
  • 9347 S Hazelton Lane Tempe, AZ 4
    • 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 1983
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.91
    •  
  • 1953 E Palomino Drive Tempe, AZ 5
    • 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1986 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1986
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.85
    •  
PROPERTY LISTING DETAILS
Joanna Olcott
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167703
Last Updated: 12/05/2020
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.

BESbswy