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347 E Embassy Street Tempe, AZ 85281

3 Beds 2 Baths 1,326 sqft Built 1978

$359,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $270.74
  • 2 Days on Market
  • MLS # : 6167996
  • Updated Date : 12/04/2020 at 18:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,326 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Imagine coming home after a long day of work and coming home to your own private sanctuary. This is a 3 bedroom home but the 3rd BR can be an office/DEN that has a very cool French door leading into it. Hardwood floors in the Living area and office. The Master bedroom has TWO separate closets with built-in shelving and it's own sliding door to the peaceful brick patio with tranquil water feature. Bathrooms have been updated. Who wouldn't be calm with that? The living/great room has a cozy fireplace and TALL Vaulted Ceilings with plenty of cheerful light. The two-car garage has storage cabinets to store your tools and toys. This is a great corner lot and it's close to the greenbelt.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Butler Tempe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

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

Neighborhood: Butler Tempe

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7171703

* 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
Yavapai Elementary School Primary Regular 421 26 4
Coronado High School High Regular 1,039 61 2

Yavapai Elementary School

  • Education Level: Primary
  • # of students: 421
  • # of teachers: 26
4
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 1,039
  • # of teachers: 61
2
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,325
Property Tax -$162
Property Insurance -$53
HOA -$220
Property Management Fees -$99
CASH FLOW
-$58

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.

$359,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$19,378

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
  • $1,793

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,7954$2,0005$2,025
$2,025
RENT COMPS ANALYSIS
  • 347 E Embassy Street Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1732 N Sierra Vista Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1984
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.21
    •  
  • 1650 N Ventura Lane Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1985
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.37
    •  
  • 1653 N Sierra Vista Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1984
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.34
    •  
  • 36 E Fillmore Street Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1959
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $1.49
    •  
PROPERTY LISTING DETAILS
Lynn Ann Bennett
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167996
Last Updated: 12/04/2020
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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