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7653 S Grandview Avenue Tempe, AZ 85284

5 Beds 4 Baths 4,028 sqft Built 1998

$859,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $213.26
  • 2 Days on Market
  • MLS # : 6156969
  • Updated Date : 11/07/2020 at 14:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,028 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Welcome home to this amazing 5 bedroom, 3.5 bath BASEMENT property in the heart of Tempe. Oasis style backyard is an entertainer's delight. Consisting of synthetic grass, oversized covered patio, mature landscaping, travertine tile decking, built-in island w/BBQ Grill, heated spa, firepit area, and resurfaced diving pool w/boulder waterfall, slide & grotto. Features spacious formal living & dining rooms, breakfast nook, office space w/ built-in cabinets and an open basement game/bonus/movie room. Chef's kitchen showcases new gas stove & double ovens, SS appliances, granite counters, island w/bar, and custom cabinets complete with a desk nook. Beautiful master suite boasts a private exit, lavish bath featuring separate soaking tub and rain shower, dual sinks, and large walk-in closet.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coventry Tempe

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Coventry Tempe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $10003693

* 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
C.i. Waggoner School Primary Regular 612 34 8
Kyrene Middle School College Preparatory Academy Middle Regular 1,056 55 6
Corona Del Sol High School High Regular 2,781 114 7

C.i. Waggoner School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 34
8
GreatSchools Rating

Kyrene Middle School College Preparatory Academy

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

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$773,100$944,900$859,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$3,169
Property Tax -$637
Property Insurance -$106
HOA -$125
Property Management Fees -$99
CASH FLOW
-$935

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$859,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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-$20k-$15k-$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$233,385

INVESTMENT

$233,385

Down Payment
$214,750
Rehab Estimate
$5,750
Closing Costs
$12,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,169

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $214,750
Loan Amount $644,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $3,384

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,400
$3,400
RENT COMPS ANALYSIS
  • 7653 S Grandview Avenue Tempe, AZ 1
    • 5 beds 4 baths ∙ 4,028 Sqft ∙ Built 1998 5 beds 4 baths ∙ 4,028 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.79
    •  
  • 6423 W Victoria Lane Chandler, AZ 2
    • 6 beds 5 baths ∙ 4,027 Sqft ∙ Built 1995 6 beds 5 baths ∙ 4,027 Sqft ∙ Built 1995
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.84
    •  
PROPERTY LISTING DETAILS
Charles Bosse
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156969
Last Updated: 11/07/2020
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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