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

414 S Robert Road Tempe, AZ 85281

3 Beds 1 Baths 1,233 sqft Built 1953

$315,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $255.47
  • 4 Days on Market
  • MLS # : 6192881
  • Updated Date : 02/11/2021 at 18:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,233 sqft
  • Baths : 1 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

LOCATION LOCATION LOCATION! Prime Tempe location, minutes away from Tempe Town Lake and Beach, Tempe Center for the Arts, ASU, Mill Avenue, Shopping, Restaurants, etc. Easy 101 Access and close to Sky Harbor airport. Super clean home, Dual pane windows, new plumbing connecting bathroom to city sewer with 20 year warranty. Plantation shutters in master bedroom, blinds in the rest of the home. Vaulted ceilings. Kitchen has ample cabinets and matching black appliances. Refrigerator conveys. AC maintenance done yearly. Large lot, Large shed built in 2009. Block fencing. NO HOA. Great investment opportunity.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $79k290k

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

Neighborhood: Sunset

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7191703

* 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
Scales Technology Academy Primary Regular 533 33 3
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Scales Technology Academy

  • Education Level: Primary
  • # of students: 533
  • # of teachers: 33
3
GreatSchools Rating

Gililland Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 59
3
GreatSchools Rating

Tempe High School

  • Education Level: High
  • # of students: 1,550
  • # of teachers: 78
3
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,094
Property Tax -$207
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$12

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.

$315,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$18,191

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
  • $1,726

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,9004$1,9805$2,000
$2,000
RENT COMPS ANALYSIS
  • 414 S Robert Road Tempe, AZ 1
    • 3 beds 1 baths ∙ 1,233 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,233 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 600 S Roosevelt Street #1 Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1945
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.32
    •  
  • 1001 S Roosevelt Street Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1945
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.36
    •  
  • 1017 W Elna Rae Street Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1959
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.49
    •  
  • 1524 W 5th Place Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1961
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.43
    •  
PROPERTY LISTING DETAILS
Ovidiu Dan Popa
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192881
Last Updated: 02/11/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy