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6506 S Kenwood Lane Tempe, AZ 85283

4 Beds 3 Baths 3,080 sqft Built 1984

$675,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $219.16
  • 2 Days on Market
  • MLS # : 6166918
  • Updated Date : 12/12/2020 at 21:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,080 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Location, location, location! This is it! Custom single level 4 bedroom 3 bathroom home in Tempe is located right off of the 101 and Guadalupe. Enjoy the light & bright split floor-plan, vaulted ceilings, a second master, three car garage, pool, built in BBQ, outdoor fireplace, Tuff shed, RV gate, two-way fireplace, freshly painted interior, and Renewal by Anderson windows. Lots of extra storage, 20' ceramic tile, roof replaced in 2014, and pool resurfaced in 2016. This desired community has no homeowner's association.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelot Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k460k

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

Neighborhood: Camelot Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $10002517

* 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
Kyrene De Los Ninos College Bound Dual Language Academy Primary Regular 706 40 6
Kyrene Middle School College Preparatory Academy Middle Regular 1,056 55 6
Marcos De Niza High School High Regular 1,582 76 4

Kyrene De Los Ninos College Bound Dual Language Academy

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Middle School College Preparatory Academy

  • Education Level: Middle
  • # of students: 1,056
  • # of teachers: 55
6
GreatSchools Rating

Marcos De Niza High School

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

$607,500$742,500$675,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,490
Property Tax -$488
Property Insurance -$87
Property Management Fees -$99
CASH FLOW
-$464

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.

$675,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$11,248

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
  • $2,731

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5953$2,6504$2,800
$2,800
RENT COMPS ANALYSIS
  • 6506 S Kenwood Lane Tempe, AZ 1
    • 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1970 E Mcnair Drive Tempe, AZ 2
    • 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1995
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.94
    •  
  • 1953 E Palomino Drive Tempe, AZ 3
    • 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1986 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1986
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.85
    •  
  • 6908 S Clark Drive Tempe, AZ 4
    • 5 beds 3 baths ∙ 3,229 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,229 Sqft ∙ Built 1989
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.87
    •  
PROPERTY LISTING DETAILS
Dawn Bahr
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166918
Last Updated: 12/12/2020
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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