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

3806 S Country Club Way Tempe, AZ 85282

4 Beds 2 Baths 2,236 sqft Built 1969

$399,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $178.85
  • 4 Days on Market
  • MLS # : 6159379
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,236 sqft
  • Baths : 2 full
Listing Agent

Az Real Estate Options, Llc

Listing Agent's Description

Solid 4 bed 2 bath block home in prime Tempe location. With close freeway access to the 101 and US-60 this home ,with solid bones, is waitingfor someone to come in and make it theirs. Tired of poorly done remodels/ half way done remodels that you will have to re-do anyways??--then this home is for you! As the home is fully functioning you can buy with traditional financing and then update and remodel to yourliking post closing. The neighborhood features wide streets and well cared for homes making it worth your investment of time and elbowgrease to make this home one you will never want to leave. Home inspection and other property records are attached in the documentssection for your review. Come schedule your showing today to see the possibilities with this diamond in the rough!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alameda

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

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

Neighborhood: Alameda

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $10001711

* 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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,475
Property Tax -$263
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
$141

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.

$399,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.4%
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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$44,938

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
  • $2,370

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3954$2,4505$2,480
$2,480
RENT COMPS ANALYSIS
  • 3806 S Country Club Way Tempe, AZ 1
    • 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3822 S Siesta Lane Tempe, AZ 2
    • 3 beds 2 baths ∙ 2,198 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,198 Sqft ∙ Built 1978
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.05
    •  
  • 1935 E Riviera Drive Tempe, AZ 3
    • 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1969
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.07
    •  
  • 1845 E Pebble Beach Drive Tempe, AZ 4
    • 4 beds 2 baths ∙ 2,429 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,429 Sqft ∙ Built 1983
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.01
    •  
  • 1915 E Laguna Drive Tempe, AZ 5
    • 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 1969
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.11
    •  
PROPERTY LISTING DETAILS
Roger Childers
Az Real Estate Options, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159379
Last Updated: 11/13/2020
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