Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

32 E Greentree Drive Tempe, AZ 85284

4 Beds 3 Baths 2,345 sqft Built 1986

$440,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $187.63
  • 2 Days on Market
  • MLS # : 6165516
  • Updated Date : 11/28/2020 at 01:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,345 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Beautifully remodeled home in Warner Ranch Community, located in the highly sought-after South Tempe area. This 4 bedroom,2.75 bath home has a welcoming layout with gorgeous, upgraded finishes throughout that tie together the cohesive and contemporarystyle of a sleek and modern palette. Stunning stone-tile fireplace; granite countertops; wood-tile flooring; large Master Bedroom withgenerous on-suite bathroom; one bedroom downstairs with full bath; vaulted ceilings; flexible living spaces for multi-purpose use. Brandnew A/C heat pump for upstairs installed in 2020. Easy-to-maintain back and front yards, with HOA maintaining street-side of the frontyard. Beautiful community with walkable greenbelt running throughout, community pool and spa, and several parks within walking distance

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Warner Ranch Manor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Warner Ranch Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $10003693

* 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
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,623
Property Tax -$318
Property Insurance -$73
HOA -$28
Property Management Fees -$99
CASH FLOW
-$151

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$440,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$15k

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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$16,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,128

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$2,1003$2,1954$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 32 E Greentree Drive Tempe, AZ 1
    • 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.85
    •  
  • 445 W Pecan Place Tempe, AZ 2
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 1994
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 5922 W Gary Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1991
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.87
    •  
  • 5203 W Megan Street Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1994
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.94
    •  
  • 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
Paul Barger
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165516
Last Updated: 11/28/2020
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.

BESbswy