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7381 S Bonarden Lane Tempe, AZ 85283

2 Beds 2 Baths 1,303 sqft Built 1986

$338,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $259.40
  • 5 Days on Market
  • MLS # : 6171035
  • Updated Date : 12/17/2020 at 15:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,303 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful patio home in coveted Parkside at the Galleria! Private corner lot near community pool and backs to park. Recently remodeled open-concept, updated lighting, beautiful bathrooms, plantation shutters, vaulted ceilings, dual pane windows, newer hot water heater, tiled flooring, and walk-in closet in main bedroom. Kitchen features ample solid wood shaker cabinetry, pull out pantry shelves, breakfast bar, stainless steel appliances, and overlooks front courtyard. Private front courtyard with cactus garden is perfect for morning coffee. Low maintenance backyard with shade structure. Planter box and push mower included. HOA maintains front! Perfectly located in central Tempe near Ken McDonald golf course, ASU, Intel, shopping, restaurants and freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkside at the Galleria

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Parkside at the Galleria

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $10001981

* 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
 

$304,200$371,800$338,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,247
Property Tax -$244
Property Insurance -$53
HOA -$170
Property Management Fees -$99
CASH FLOW
-$73

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.

$338,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,320

INVESTMENT

$95,320

Down Payment
$84,500
Rehab Estimate
$5,750
Closing Costs
$5,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,500
Loan Amount $253,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$14,642

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
  • $1,567

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,6004$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 7381 S Bonarden Lane Tempe, AZ 1
    • 2 beds 2 baths ∙ 1,303 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,303 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1402 E Guadalupe Road #128 Tempe, AZ 2
    • 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1985
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.21
    •  
  • 7370 S Bonarden Lane Tempe, AZ 3
    • 2 beds 2 baths ∙ 1,303 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,303 Sqft ∙ Built 1986
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.23
    •  
  • 7305 S Bonarden Lane Tempe, AZ 4
    • 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1986
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.21
    •  
  • 7331 S Jentilly Lane Tempe, AZ 5
    • 2 beds 2 baths ∙ 1,466 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,466 Sqft ∙ Built 1993
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.16
    •  
PROPERTY LISTING DETAILS
Maggie Mcgraw
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171035
Last Updated: 12/17/2020
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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