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1950 E Dunbar Drive Tempe, AZ 85282

4 Beds 2 Baths 1,964 sqft Built 1970

$450,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $229.12
  • 3 Days on Market
  • MLS # : 6178289
  • Updated Date : 01/10/2021 at 01:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,964 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Looking for a home that is absolutely perfect for family gatherings,entertaining and plenty of room for the kids to play, you will want to see this house. Included is a split floor plan, just under 2000 sqft.,2 car garage, 4 bedrooms/ 2 baths. Double sinks in both baths, and 2 full ovens. This home offers spacious rooms and many extras. Included is a built in red brick BBQ island, an in-ground jacuzzi spa and a building in the back once used as an office & storage with 2 rooms that total 264 sqft. Includes a small AC unit. The backyard has a double-wide gate and beautiful citrus trees on an oversized lot of 16,069 sqft. The opportunities are endless with this much space. This home has been well cared for. Don't hesitate to take a look.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cole Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Cole Park

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
Mcclintock High School High Regular 1,771 81 6

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

Mcclintock High School

  • Education Level: High
  • # of students: 1,771
  • # of teachers: 81
6
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,563
Property Tax -$296
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$86

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.

$450,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.2%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$33,068

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,092

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,1004$2,1105$2,250
$2,250
RENT COMPS ANALYSIS
  • 1950 E Dunbar Drive Tempe, AZ 4
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.07
    •  
  • 2110 E Dunbar Drive Tempe, AZ 1
    • 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 1973
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 2037 E Harvard Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1974
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.10
    •  
  • 4716 S Fairfield Drive Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1972
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
  • 2042 E Ellis Drive Tempe, AZ 5
    • 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 1972
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.10
    •  
PROPERTY LISTING DETAILS
Krista Bergh
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178289
Last Updated: 01/10/2021
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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