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206 W Greentree Drive Tempe, AZ 85284

3 Beds 2 Baths 1,893 sqft Built 1984

$525,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $277.34
  • 2 Days on Market
  • MLS # : 6178937
  • Updated Date : 01/10/2021 at 02:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,893 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Beautiful Spanish Ranch on stunning professionally landscaped .37 acre lot with resort-style backyard. Open floor plan with freshly painted living areas offers a well-appointed kitchen with breakfast nook, cozy family room with wood burning fireplace and separate living & dining rooms. The huge backyard truly has it all with sparkling pool, above ground spa, built-in bbq & outdoor kitchen, artificial turf and covered outdoor living space with lighting, ceiling fans & pavers. This property has been recently upgraded to include NEW roof, pool, outdoor kitchen, covered patio, RV gate & parking, landscaping & irrigation system, appliances (fridge, range and washer/dryer), and epoxy garage floor. All of this with no HOA, Kyrene schools and perfect location close to freeways & shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Duskfire

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k566k

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

Neighborhood: Duskfire

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $10002652

* 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 La Mariposa Elementary School Primary Regular 548 29 8
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Corona Del Sol High School High Regular 2,781 114 7

Kyrene De La Mariposa Elementary School

  • Education Level: Primary
  • # of students: 548
  • # of teachers: 29
8
GreatSchools Rating

Kyrene Del Pueblo Middle School

  • Education Level: Middle
  • # of students: 829
  • # of teachers: 50
8
GreatSchools Rating

Corona Del Sol High School

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

$472,500$577,500$525,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,824
Property Tax -$379
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$456

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.

$525,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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-$10k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,159

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,690

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8953$1,9004$1,9005$1,910
$1,910
RENT COMPS ANALYSIS
  • 206 W Greentree Drive Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.01
    •  
  • 231 E Mcnair Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1978
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 380 W Palomino Drive Tempe, AZ 2
    • 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1994
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 148 W Dawn Drive Tempe, AZ 3
    • 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 1986
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
  • 1036 E Knight Lane Tempe, AZ 4
    • 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1985
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
PROPERTY LISTING DETAILS
Natasha Greenhalgh
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178937
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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