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2409 E Pebble Beach Drive Tempe, AZ 85282

3 Beds 2 Baths 1,288 sqft Built 1970

$299,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $232.14
  • 3 Days on Market
  • MLS # : 6193816
  • Updated Date : 02/12/2021 at 22:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,288 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

TEMPE DELIGHT! This 3 Bedroom 2 Bath features fresh interior & exterior paint, new carpet, and updated vanities! Kitchen is complete with Range/Oven, Refrigerator, and Dishwasher. Living Room is at the front of house and Family Room is at the back with access to the patio and back yard. Laundry Room is off the carport and includes Washer/Dryer. Huge backyard ready for your vision including a large RV Gate off the back alley. NO HOA! Ideal location close to 60 & 101 FWY, MCC, Hospital, Shopping & Light Rail.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alameda

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

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

Neighborhood: Alameda

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $10001711

* 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
Rhodes Junior High School Middle Regular 985 52 4
Dobson High School High Regular 2,639 122 4

Rhodes Junior High School

  • Education Level: Middle
  • # of students: 985
  • # of teachers: 52
4
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,039
Property Tax -$179
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
$1

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$299,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$18,431

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
  • $1,484

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5504$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 2409 E Pebble Beach Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2446 E Manhatton Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1971
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.16
    •  
  • 2424 W Jacinto Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1974
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.20
    •  
  • 2508 S Cottonwood Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1976
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.12
    •  
  • 2514 S Cottonwood Drive Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,412 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,412 Sqft ∙ Built 1976
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.13
    •  
PROPERTY LISTING DETAILS
Laura Mier
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193816
Last Updated: 02/12/2021
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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