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5834 S Alder Drive Tempe, AZ 85283

3 Beds 2 Baths 1,826 sqft Built 1976

$425,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $232.75
  • 3 Days on Market
  • MLS # : 6202294
  • Updated Date : 03/06/2021 at 16:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,826 sqft
  • Baths : 2 full
Listing Agent

Capital Realty

Listing Agent's Description

Beautifully Remodeled 3 bed/2 bath Ranch Style home in a great Tempe location. East facing corner lot with pristine curb appeal, located near Schools, Parks, Shopping & Restaurants. No HOA! New Roof, HVAC unit, & windows for energy efficiency! Charming covered patio entry, spacious open floor plan, welcoming palette, plush carpet, upgraded ceiling fans, window blinds, & neutral tile floors in all the right places. Separate living and family rooms for entertaining. Fantastic updated eat-in kitchen with stainless steel appliances, wrap around breakfast bar, stylish counters, tile backsplash, pantry, & plenty of handsome wood cabinets with hardware. Primary suite includes patio access, walk in closet, 3/4 ensuite bathroom with dual sinks & sunken shower with tile surround.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kiwanis - the Lakes

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k358k

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

Neighborhood: Kiwanis - the Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9681981

* 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
Fees College Preparatory Middle School Middle Regular 925 59 4
Marcos De Niza High School High Regular 1,582 76 4

Fees College Preparatory Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 59
4
GreatSchools Rating

Marcos De Niza High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 76
4
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,476
Property Tax -$280
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$48

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$425,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,031

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,849
1$1,8492$1,8493$1,8704$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 5834 S Alder Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.02
    •  
  • 5618 S Rocky Point Road Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1971
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $1.12
    •  
  • 5620 S Crows Nest Road Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1972
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $1.12
    •  
  • 1868 E Auburn Drive Tempe, AZ 4
    • 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1974
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.12
    •  
  • 1517 E Gemini Drive Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1976
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.09
    •  
PROPERTY LISTING DETAILS
Chad Blostone
Capital Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202294
Last Updated: 03/06/2021
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.

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