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841 W Watson Drive Tempe, AZ 85283

4 Beds 3 Baths 1,282 sqft Built 1978

INVESTimate

$330,000

List Price

$1,330

$1,197 - $1,463

Rent Est.

$356,301  ( +7.97%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $257.41
  • 2 Days on Market
  • MLS # : 6122508
  • Updated Date : 08/25/2020 at 17:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,282 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Convenient Tempe location: Freeway 10&60, shopping, restaurants, Kiwanis park- within 2 miles***ASU-under 5 miles**** Unique set up: 3 br 2 bath, plus guest quarters -1 BR/1/BA, wall AC- entrance from the back patio- *** Main AC is 5 yrs old*** Recent updates: New roof -2020; new kitchen cabinets, granite counters, appliances and guest quarters in 2017; MBA and closet added completed 2019; New laminate and tile flooring, popcorn ceiling removed- 2017-2019; New stucco and stone accents -entire exterior; New windows and patio doors - 2016*****Large covered patio w/outdoor kitchen ****RV gates on both sides of house***Extended slab -room to park 4 cars**Carport enclosed into 1 car gar in 2017 **Grassy backyard w/auto sprinklers**Block fence on back sides, wood-at the back-ally access

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pepperwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: Pepperwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7811703

* 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
Wood Elementary School Primary Regular 582 33 4
Fees College Preparatory Middle School Middle Regular 925 59 4
Marcos De Niza High School High Regular 1,582 76 4

Wood Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 33
4
GreatSchools Rating

Fees College Preparatory Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 59
4
GreatSchools Rating

Marcos De Niza High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 76
4
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,218
Property Tax -$217
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$256

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.

$330,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.97%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$4,994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,452

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,3993$1,4954$1,6005$1,613
$1,613
RENT COMPS ANALYSIS
  • 841 W Watson Drive Tempe, 1
    • 4 beds 3 baths ∙ 1,282 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,282 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.04
    •  
  • 8610 S Avenida Del Yaqui Avenue Guadalupe, 2
    • 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1981
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.08
    •  
  • 4246 E Jicarilla Street Phoenix, 3
    • 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
  • 1026 W Libra Drive Tempe, 4
    • 3 beds 3 baths ∙ 1,461 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,461 Sqft ∙ Built 1995
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.10
    •  
  • 1013 W Cornell Drive Tempe, 5
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1980
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,613
    • $1.17
    •  
PROPERTY LISTING DETAILS
Slavica Kaniski
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122508
Last Updated: 08/25/2020
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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