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93 E Buena Vista Drive Tempe, AZ 85284

4 Beds 3 Baths 3,110 sqft Built 1989

$925,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $297.43
  • 2 Days on Market
  • MLS # : 6206025
  • Updated Date : 03/20/2021 at 07:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,110 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Realtors Vantage

Listing Agent's Description

NO SHOWINGS UNTIL March 20, 2021. Gorgeous single level home in the Graystone subdivision featuring 4 bedrooms, 2.5 bathrooms and over 3,000 sq.ft. This home has both formal/informal dining & living rooms and has been completely remodeled. Remodel includes dual pane windows, master bath, Kitchen, new pool, new pool deck, water softener, Toto toilets and a 450 bottle air conditioned and humidity controlled wine cooler. It shows great! Updated kitchen boasts ample cabinet space, granite countertops, breakfast bar, stainless steel appliances and huge windows overlooking the covered deck. The master suite is spacious with its own entrance to the back yard, vaulted ceilings with exposed wood beams.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Graystone

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Graystone

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
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$3,213
Property Tax -$668
Property Insurance -$88
HOA -$40
Property Management Fees -$99
CASH FLOW
-$1,128

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.

$925,000

PROJECTED PRICE

$2,980

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,659

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3953$2,5004$2,9805$3,000
$3,000
RENT COMPS ANALYSIS
  • 93 E Buena Vista Drive Tempe, AZ 4
    • 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $0.96
    •  
  • 188 E Dawn Drive Tempe, AZ 1
    • 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1987
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 151 E Jeanine Drive Tempe, AZ 2
    • 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1987
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.85
    •  
  • 9555 S Palm Drive Tempe, AZ 3
    • 5 beds 3 baths ∙ 2,825 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,825 Sqft ∙ Built 1990
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 8015 S Michele Lane Tempe, AZ 5
    • 4 beds 4 baths ∙ 3,438 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,438 Sqft ∙ Built 1997
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.87
    •  
PROPERTY LISTING DETAILS
Paul Mcfarlane
Jp & Associates Realtors Vantage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206025
Last Updated: 03/20/2021
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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