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7409 S Kachina Drive Tempe, AZ 85283

3 Beds 2 Baths 1,471 sqft Built 1994

$385,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $261.73
  • 3 Days on Market
  • MLS # : 6195714
  • Updated Date : 02/19/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,471 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

WELCOME TO YOUR NEW HOME!! You will fall in love with this perfectly designed charmer!! As you enter the spacious living area, right away you will notice the GORGEOUS newly installed wood look tile, High Vaulted Ceilings, Tons of Natural Light and COZY Fireplace. Step into the STUNNING Kitchen and be AMAZED with all of the Cabinets, Granite Slab Countertops and BEAUTIFULLY Tiled Backsplash. The Owner's Suite has plenty of space, featuring a LOVELY Garden Tub and Separate Shower, Dual Vanity and Walk-In Closet. Two additional Great Sized rooms, one with Nicely Built-in Shelving and Cabinets, Perfect to use as a den or Office Space. Enjoy the Meticulously Maintained Backyard with Extended Covered Patio, Excellent for Entertaining or just Relaxing anytime. Ideal LOCATION, close to

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Capistrano

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Capistrano

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,337
Property Tax -$278
Property Insurance -$56
HOA -$21
Property Management Fees -$99
CASH FLOW
-$162

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.

$385,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,633

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5953$1,6004$1,6305$1,800
$1,800
RENT COMPS ANALYSIS
  • 7409 S Kachina Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.11
    •  
  • 1855 E Sunburst Lane Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1982
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.10
    •  
  • 7706 S Taylor Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1984
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.09
    •  
  • 1857 E Mcnair Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1994
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
  • 7440 S Juniper Street Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1982
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.16
    •  
PROPERTY LISTING DETAILS
Pearl Rose Everett
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195714
Last Updated: 02/19/2021
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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