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94 E Sunburst Lane Tempe, AZ 85284

5 Beds 3 Baths 3,754 sqft Built 1997

$945,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $251.73
  • 2 Days on Market
  • MLS # : 6178997
  • Updated Date : 01/09/2021 at 07:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,754 sqft
  • Baths : 3 full
Listing Agent

Dana Hubbell Group

Listing Agent's Description

Look no further if you want a 1/2 acre yard, in Tempe, in the Kyrene and Corona High School District! Gated community, 4.5 acre park in the middle of the subdivision includes grassy area, tennis courts, BBQ grills, and playset! Highly coveted Coventry Subdivision! Updated within last 2yrs: pool/spa, pool/spa equipment, decking, heating, plaster, and tile. The pool is fenced, a diving pool wisely placed to the side so you can enjoy a huge grass area! Mature trees, professionally landscaped, fire-pit, and a full length covered patio. Updated in last 2-4yrs: all flooring, all countertops, all sinks, all toilets, all faucets, tubs & showers. Kitchen has new stainless steel appliances, a 5-burner gas stove, double-oven, a copper sink, & a large island/breakfast bar. HUGE lot, amazing location.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coventry Tempe

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Coventry Tempe

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
 

$850,500$1,039,500$945,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$3,282
Property Tax -$683
Property Insurance -$100
HOA -$25
Property Management Fees -$99
CASH FLOW
-$899

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.

$945,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$256,175

INVESTMENT

$256,175

Down Payment
$236,250
Rehab Estimate
$5,750
Closing Costs
$14,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $236,250
Loan Amount $708,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,975

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,341

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,500
$3,500
RENT COMPS ANALYSIS
  • 94 E Sunburst Lane Tempe, AZ 1
    • 5 beds 3 baths ∙ 3,754 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,754 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8015 S Michele Lane Tempe, AZ 2
    • 4 beds 4 baths ∙ 3,438 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,438 Sqft ∙ Built 1997
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.87
    •  
  • 12034 S Rural Road #frnt Tempe, AZ 3
    • 6 beds 5 baths ∙ 3,851 Sqft ∙ Built 1977 6 beds 5 baths ∙ 3,851 Sqft ∙ Built 1977
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Jeffrey T Hubbell
Dana Hubbell Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178997
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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