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319 W Calle De Caballos -- Tempe, AZ 85284

4 Beds 2 Baths 2,217 sqft Built 1996

$449,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $202.53
  • 3 Days on Market
  • MLS # : 6163598
  • Updated Date : 11/27/2020 at 09:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,217 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This is the one you've been waiting for...but you better hurry. Located in a prime, south Tempe location in the coveted Kyrene school district, this single-level beauty with north/south exposure is sure to amaze. Enter the tall front door entry to vaulted ceilings spanning the multi-use living/dining space. Kitchen opens to breakfast area and family room and features 42'' upper cabinets, center island, pantry, corian counters, newer R/O system, cooktop and wall m/w & oven combo unit. Master BR is spacious with an ample walk-in closet and remodeled shower and bidet in master bath. Laundry room has cabinets & plumbed for a sink. 3-car garage with cabinets and side access door. Backyard nicely landscaped with luscious grass.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parke Tempe

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k361k

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

Neighborhood: Parke Tempe

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
C.i. Waggoner School Primary Regular 612 34 8
Kyrene Middle School College Preparatory Academy Middle Regular 1,056 55 6
Mountain Pointe High School High Regular 2,685 111 3

C.i. Waggoner School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 34
8
GreatSchools Rating

Kyrene Middle School College Preparatory Academy

  • Education Level: Middle
  • # of students: 1,056
  • # of teachers: 55
6
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,657
Property Tax -$324
Property Insurance -$70
HOA -$18
Property Management Fees -$99
CASH FLOW
-$309

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.

$449,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,518

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
  • $2,012

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,9004$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 319 W Calle De Caballos -- Tempe, AZ 1
    • 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 311 W Calle De Caballos -- Tempe, AZ 4
    • 4 beds 2 baths ∙ 2,393 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,393 Sqft ∙ Built 1996
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.88
    •  
  • 153 W Myrna Lane Tempe, AZ 5
    • 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1985
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lauren Sato
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163598
Last Updated: 11/27/2020
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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