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8514 S Willow Drive Tempe, AZ 85284

5 Beds 4 Baths 4,650 sqft Built 1995

INVESTimate

$1,200,000

List Price

$4,030

$3,780 - $4,280

Rent Est.

$1,246,800  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $258.06
  • 2 Days on Market
  • MLS # : 6113185
  • Updated Date : 08/25/2020 at 21:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,650 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

Luxury, one-of-a-kind, custom estate in Tempe's prestigious Warner Estates neighborhood. Incredible layout with residential wing separate from living wing. Stunning entryway with huge front door that leads directly into living room with vaulted ceiling, fireplace, and wet bar; perfect for entertaining! Separate dining room that can fit 12. Kitchen with built-in Sub-Zero fridge, breakfast nook, and breakfast bar leading into family room with library shelves, fireplace, and vaulted ceilings. Large backyard with resort-style pool accented with majestic waterfalls. Master suite is it's own floor above residential wing with snail shower, tub, makeup vanity, his & hers closets and sinks. Basement is excellent for kids room and can be plumbed to be a full guest suite. A truly remarkable property!

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PRICE & RENT TRENDS

Neighborhood: Warner Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k882k

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

Neighborhood: Warner Estates

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
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,627$4,433$4,030

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,030
EXPENSES Loan Payment -$4,427
Property Tax -$867
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
-$1,481

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.

$1,200,000

PROJECTED PRICE

$4,030

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,030

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $5,162

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$4,030
1$4,0302$5,450
$5,450
RENT COMPS ANALYSIS
  • 8514 S Willow Drive Tempe, 1
    • 5 beds 4 baths ∙ 4,650 Sqft ∙ Built 1995 5 beds 4 baths ∙ 4,650 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $4,030
    • $0.87
    •  
  • 2005 E Caroline Lane Tempe, 2
    • 5 beds 4 baths ∙ 4,911 Sqft ∙ Built 1994 5 beds 4 baths ∙ 4,911 Sqft ∙ Built 1994
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,450
    • $1.11
    •  
PROPERTY LISTING DETAILS
Kyle P Moynihan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6113185
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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