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707 E Yale Drive Tempe, AZ 85283

3 Beds 2 Baths 1,267 sqft Built 1973

INVESTimate

$380,000

List Price

$1,490

$1,341 - $1,639

Rent Est.

$411,806  ( +8.37%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $299.92
  • 5 Days on Market
  • MLS # : 6121314
  • Updated Date : 08/22/2020 at 10:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,267 sqft
  • Baths : 2 full
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Move-in ready remodel with a great floor plan that has all of the modern touches! New Interior & exterior paint. Home features dual pane windows, new wood tile & carpet and new plumbing/lighting fixtures throughout. Kitchen was updated with new white shaker cabinets, quartz countertops, custom tile backsplash, new pantry barn door & Ccomes with stainless steel kitchen appliances! Master suite boasts walk-in closet, en suit with custom tile shower, new vanity & dual flush toilet. Inside laundry. Backyard has large grassy area and plenty of room to entertain. No HOA! Come see this home today!

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
Aguilar Elementary School Primary Regular 516 29 3
Fees College Preparatory Middle School Middle Regular 925 59 4
Marcos De Niza High School High Regular 1,582 76 4

Aguilar Elementary School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 29
3
GreatSchools Rating

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
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,341$1,639$1,490

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,402
Property Tax -$250
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$313

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.

$380,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.37%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,453

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,489

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,4954$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 707 E Yale Drive Tempe, 1
    • 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.18
    •  
  • 305 E Sesame Street Tempe, 2
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1974
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
  • 5337 S El Camino Drive Tempe, 3
    • 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 1972
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
  • 731 E Tulane Drive Tempe, 4
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1973
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.20
    •  
  • 6104 S El Camino Drive Tempe, 5
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1972
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.14
    •  
PROPERTY LISTING DETAILS
Elmon Krupnik
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121314
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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