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473 E Krista Way Tempe, AZ 85284

4 Beds 3 Baths 2,438 sqft Built 1998

$524,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $215.30
  • 4 Days on Market
  • MLS # : 6178148
  • Updated Date : 01/07/2021 at 21:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,438 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful 2-story home in prime Tempe location. Desirable Coventry gated community. 4 bedrooms/2.5 baths. Formal living/dining rooms. Large family room off kitchen w/entertainment nook. Open floor plan. Oversized kitchen w/center island. Granite countertops. Stainless steel appliances. Gas cook top. Tons of cabinet space. Cabinetry extends into breakfast nook with dry-bar/buffet. Stone backsplash. Ceiling fans t/o. Custom window blinds. 1/2 bath and laundry downstairs. Oversized master bedroom downstairs w/large slider to patio. Separate shower/tub. Dual vanity w/vessel style sinks. Large walk-in closet. Secondary rooms are larger sized. Secondary bathroom has dual vanity and shower/tub combo. Backyard is a re-treat! Large covered patio w/extended pavers. Easy maint. synthetic grass.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coventry Tempe

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Coventry Tempe

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
C.i. Waggoner School Primary Regular 612 34 8
Kyrene Middle School College Preparatory Academy Middle Regular 1,056 55 6
Corona Del Sol High School High Regular 2,781 114 7

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

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$472,410$577,390$524,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,823
Property Tax -$379
Property Insurance -$75
HOA -$25
Property Management Fees -$99
CASH FLOW
-$251

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.

$524,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
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$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,823

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,519

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,164

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1003$2,1504$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 473 E Krista Way Tempe, AZ 3
    • 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 1036 E Knight Lane Tempe, AZ 1
    • 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1985
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 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
    •  
  • 8342 S Mill Avenue Tempe, AZ 4
    • 5 beds 3 baths ∙ 2,570 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,570 Sqft ∙ Built 1990
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 1134 E Sunburst Lane Tempe, AZ 5
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1987
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
PROPERTY LISTING DETAILS
Rodney A Coty
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178148
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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