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8396 S Stephanie Lane Tempe, AZ 85284

4 Beds 2 Baths 1,993 sqft Built 1996

$424,500

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $213.00
  • 7 Days on Market
  • MLS # : 6158026
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,993 sqft
  • Baths : 2 full
Listing Agent

Hegazy Realty

Listing Agent's Description

Gorgeous one story home in the sought after Pecan Grove neighborhood. Original owner, well kept and maintained, Single story on a large lot with all the room and the mature fruit trees. 4 bedrooms plus an office, 2 baths, living room, family room, 2-car garage, covered patio, large backyard with mature fruit trees in front and back yards. Tile and upgraded carpet flooring. Nice appliances with SS fridge. Washer and Dryer convey.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pecan Grove Village West

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k392k

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

Neighborhood: Pecan Grove Village West

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
Mountain Pointe High School High Regular 2,685 111 3

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

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$382,050$466,950$424,500

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,566
Property Tax -$307
Property Insurance -$66
HOA -$37
Property Management Fees -$99
CASH FLOW
-$345

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.

$424,500

PROJECTED PRICE

$1,730

PROJECTED RENT

0.41%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,243

INVESTMENT

$118,243

Down Payment
$106,125
Rehab Estimate
$5,750
Closing Costs
$6,368

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,566

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,125
Loan Amount $318,375
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,644

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
  • $1,804

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,8004$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 8396 S Stephanie Lane Tempe, AZ 1
    • 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 231 E Mcnair Drive Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1978
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 490 E Krista Way Tempe, AZ 3
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1998
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 380 W Palomino Drive Tempe, AZ 4
    • 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1994
    property image
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 148 W Dawn Drive Tempe, AZ 5
    • 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 1986
    property image
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
PROPERTY LISTING DETAILS
Moe A Hegazy
Hegazy Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158026
Last Updated: 11/13/2020
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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