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3109 S Kachina Drive Tempe, AZ 85282

3 Beds 2 Baths 1,430 sqft Built 1969

INVESTimate

$374,900

List Price

$1,500

$1,350 - $1,650

Rent Est.

$399,718  ( +6.62%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $262.17
  • 7 Days on Market
  • MLS # : 6118915
  • Updated Date : 08/24/2020 at 15:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,430 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful 3 bedroom, 2 bath updated home in Tempe that's ready for someone else to love it! Gorgeous kitchen with newer upgraded cabinetry, granite counter tops, stainless appliances, & Gas cooktop stove! Imagine coming inside straight from the carport with groceries, being able to unload them easily into pantry & fridge, cooking up fabulous meals on the gas stove with family or friends sitting at the bar or go outside to swim in the sparkling diving pool & dine on the covered patio! Beautiful wood & travertine flooring! Picture your dogs or kids playing in the grassy yard and storing that fishing boat behind the RV gate. This is the one! Larger lot in cul-de-sac. Great location with access to freeways, restaurants, & shopping! Come & see, this home is in great shape,you'll Love it!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McClintock

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k291k

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

Neighborhood: McClintock

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $9711703

* 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
Curry Elementary School Primary Regular 560 34 3
Connolly Middle School Middle Regular 1,058 57 6
Mcclintock High School High Regular 1,771 81 6

Curry Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 34
3
GreatSchools Rating

Connolly Middle School

  • Education Level: Middle
  • # of students: 1,058
  • # of teachers: 57
6
GreatSchools Rating

Mcclintock High School

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

$337,410$412,390$374,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,383
Property Tax -$247
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$284

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.

$374,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.62%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,519

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,502

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,4003$1,5004$1,5955$1,640
$1,640
RENT COMPS ANALYSIS
  • 3109 S Kachina Drive Tempe, 3
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
  • 2709 S Alder Drive Tempe, 1
    • 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1971
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.96
    •  
  • 1743 E Campus Drive Tempe, 2
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1967
    LEASED 10/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.11
    •  
  • 1662 E Manhatton Drive Tempe, 4
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1969
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 2906 S Elm Street Tempe, 5
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1967
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.11
    •  
PROPERTY LISTING DETAILS
Tim D Preiss
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118915
Last Updated: 08/24/2020
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.

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