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2614 S Evergreen Road Tempe, AZ 85282

4 Beds 2 Baths 1,740 sqft Built 1974

$410,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $235.63
  • 3 Days on Market
  • MLS # : 6181331
  • Updated Date : 01/15/2021 at 15:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,740 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This unique, single level home available in desirable Tempe, is perfect inside and out. Step inside this meticulously maintained and highly remodeled home to find open living space, 4 charming bedrooms, designer paint, so much natural light perfect for interior plants, and gorgeous wood-like tile throughout. Kitchen is equipped with high-end appliances, granite counter-tops, centered island with breakfast bar, modern cabinetry, and tasteful back-splash. The master bedroom includes an en-suite bathroom, walk-in closet and private exit to your backyard oasis. Large grassy backyard has an extended patio and fenced-in pool ready for entertaining. Conveniently located near the 101 loop, ASU, Sky Harbor, and Daumier Park. This home will not disappoint. Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Broadway Palms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k291k

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

Neighborhood: Broadway Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $10001703

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Westwood High School High Regular 3,131 145 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Westwood High School

  • Education Level: High
  • # of students: 3,131
  • # of teachers: 145
4
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,424
Property Tax -$246
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$110

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.

$410,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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$1.2M$1.4M

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

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 40% 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 $307,500
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$35,593

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,879

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8253$1,8504$1,8955$1,940
$1,940
RENT COMPS ANALYSIS
  • 2614 S Evergreen Road Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.11
    •  
  • 2311 E Alameda Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1974
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
  • 2506 E Del Rio Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1971
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.12
    •  
  • 2355 E Alameda Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1974
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 2351 W Del Oro Circle Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1970
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.10
    •  
PROPERTY LISTING DETAILS
Lisa M Waters
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181331
Last Updated: 01/15/2021
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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