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77 E Louis Way Tempe, AZ 85284

5 Beds 3 Baths 3,754 sqft Built 1997

INVESTimate

$775,000

List Price

$3,070

$2,820 - $3,320

Rent Est.

$794,375  ( +2.50%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $206.45
  • 7 Days on Market
  • MLS # : 6119711
  • Updated Date : 08/20/2020 at 14:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,754 sqft
  • Baths : 3 full
Listing Agent

Platinum Living Realty

Listing Agent's Description

Enjoy the quiet elegance of the gated Coventry Tempe neighborhood. This spacious home has been tastefully updated with new flooring, paint and appliances. Kitchen is an entertainer's dream with plenty of cabinets, granite counters and double ovens. Large family room plus formal living spaces on main level. Main level living is possible with large master suite with spa-like bath and private entry to the backyard pool area. Upstairs the 3 bedrooms, bonus/game room and loft, offer plenty of room for fun. Enjoy outdoor living with covered patio and Pebble-Tec pool with waterfall feature. So many upgrades in this home plus a community with large park and tennis courts.

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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,763$3,377$3,070

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,859
Property Tax -$560
Property Insurance -$100
HOA -$125
Property Management Fees -$99
CASH FLOW
-$674

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.

$775,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.50%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$3,070
1$3,070
$3,070
RENT COMPS ANALYSIS
  • 77 E Louis Way Tempe,
    • 5 beds 3 baths ∙ 3,754 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,754 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $0.82
    •  
PROPERTY LISTING DETAILS
Shawn R Jardine
Platinum Living Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119711
Last Updated: 08/20/2020
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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