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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
$93,200
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PROPERTY INFO
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
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PRICE & RENT TRENDS
Neighborhood: Pepperwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pepperwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
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
-
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
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122508
Last Updated: 08/25/2020
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.
