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8803 S Los Feliz Drive Tempe, AZ 85284

3 Beds 2 Baths 2,328 sqft Built 1986

$445,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $191.15
  • 2 Days on Market
  • MLS # : 6204070
  • Updated Date : 03/13/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,328 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Coming Soon! Please do not disturb occupant!! Welcome to your beautiful new home in sought after Alta Mira! No HOA! Highly rated Kyrene Schools. Centrally located near the 101, 202, & I10 with restaurants, shopping, Go Daddy, fire dept, bus stops & much more minutes away. Beautiful Goodwin Park is right around the corner & the amazing Desert Breeze Park is less than 2 miles away! This home has only had 2 owners & has been exceptionally cared for. NEW ROOF, windows, paint, kitchen appliances & more! Wonderful classic single level with 3 bedrooms, a large den w/custom built in book shelves, & shutters throughout. Sits on an over-sized lot with gorgeous low maintenance landscaping in front & lush green mature landscape in back complete w/lemon, apple, grapefruit, & orange trees! Kitchen

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alta Mira

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k484k

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

Neighborhood: Alta Mira

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $10002188

* 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
Kyrene Del Cielo School Primary Regular 786 41 9
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene Del Cielo School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 41
9
GreatSchools Rating

Kyrene Aprende Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 56
9
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,546
Property Tax -$323
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
$9

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.

$445,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$25,441

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,183

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$1,9504$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 8803 S Los Feliz Drive Tempe, AZ 4
    • 3 beds 2 baths ∙ 2,328 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,328 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.88
    •  
  • 3957 W Roundabout Circle Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2005
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
  • 1929 E La Vieve Lane Tempe, AZ 2
    • 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 1983
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 1171 N Tercera Court Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1993
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 8635 S Los Feliz Drive Tempe, AZ 5
    • 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1992
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Lori Dunne
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204070
Last Updated: 03/13/2021
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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