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7781 S Bonarden Lane Tempe, AZ 85284

3 Beds 3 Baths 1,506 sqft Built 1992

$360,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $239.04
  • 6 Days on Market
  • MLS # : 6197943
  • Updated Date : 02/26/2021 at 18:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full , 1 half
Listing Agent

Engel & Voelkers Scottsdale

Listing Agent's Description

BEAUTIFUL HOME IN GREAT SOUTH TEMPE COMMUNITY! UPDATES INCLUDE LAMINATE FLOORING IN LIVING ROOM AND STAIRS (2014), DUAL PANE WINDOWS (2016), EXTERIOR PAINT (2016), ROOF REPLACED (2018), NEW HOT WATER HEATER , A/C (2013), TILE IN KITCHEN, HALLS AND FAMILY ROOM. VAULTED CEILINGS, LARGE MASTER BEDROOM UPSTAIRS, COVERED PATIO AND PRIVATE REAR YARD. THIS HOME HAS BEEN WELL MAINTAINED.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terra

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Terra

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
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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,250
Property Tax -$260
Property Insurance -$57
HOA -$180
Property Management Fees -$99
CASH FLOW
-$396

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.

$360,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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

PROJECTED ANNUAL CASH FLOW

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

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$358

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,370

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4503$1,595
$1,595
RENT COMPS ANALYSIS
  • 7781 S Bonarden Lane Tempe, AZ 2
    • 3 beds 3 baths ∙ 1,506 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,506 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
  • 6557 S La Rosa Drive Tempe, AZ 1
    • 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 1975
    property image
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.95
    •  
  • 502 E Bendix Drive Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1973
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
PROPERTY LISTING DETAILS
Robert E. Sutton Jr.
Engel & Voelkers Scottsdale
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197943
Last Updated: 02/26/2021
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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