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704 E Bell De Mar Drive Tempe, AZ 85283

4 Beds 2 Baths 1,981 sqft Built 1973

INVESTimate

$370,000

List Price

$1,800

$1,620 - $1,980

Rent Est.

$392,792  ( +6.16%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $186.77
  • 7 Days on Market
  • MLS # : 6120342
  • Updated Date : 08/22/2020 at 17:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,981 sqft
  • Baths : 2 full
Listing Agent

Denmar Realty

Listing Agent's Description

WOW!! COME AND SEE THIS WONDERFULLY REMODELED 4 BEDROOM 2 BATH HOME!! THIS HOME HAS BEEN REFRESHED AND UPDATED WITH THE FOLLOWING: NEW AIR CONDITIONING, ALL NEW INTERIOR FLOORING WITH VINYL IN ALL THE FAMILY ROOM AND KITCHEN AND LIVING ROOMS, NEW QUARTZ COUNTER TOPS, NEW LIGHTING, EXTERIOR AND INTERIOR PAINTING, HOME IS LOCATED IN A PREMIER AREA AND LOCATED ON A LARGE LOT!! COME AND VIEW YOUR HOME TODAY!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bell de Mar Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k299k

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

Neighborhood: Bell de Mar Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $10001703

* 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
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,365
Property Tax -$271
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$1

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.

$370,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.16%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$26,985

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
  • $1,996

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8153$1,8754$1,9455$2,175
$2,175
RENT COMPS ANALYSIS
  • 704 E Bell De Mar Drive Tempe, 1
    • 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 804 E Carmen Street Tempe, 2
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1973
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,815
    • $0.92
    •  
  • 607 E Diamond Drive Tempe, 3
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1973
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.95
    •  
  • 211 E Fleet Drive Tempe, 4
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1973
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.06
    •  
  • 225 E Strahan Drive Tempe, 5
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1974
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jamin A Denham
Denmar Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120342
Last Updated: 08/22/2020
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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