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9633 S Ash Avenue Tempe, AZ 85284

4 Beds 2 Baths 2,616 sqft Built 1990

$677,544

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $259.00
  • 3 Days on Market
  • MLS # : 6172538
  • Updated Date : 12/17/2020 at 19:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,616 sqft
  • Baths : 2 full
Listing Agent

Rimrock Partners

PRICE & RENT TRENDS

Neighborhood: Warner Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k447k

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

Neighborhood: Warner Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $10002090

* 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 De La Mariposa Elementary School Primary Regular 548 29 8
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Corona Del Sol High School High Regular 2,781 114 7

Kyrene De La Mariposa Elementary School

  • Education Level: Primary
  • # of students: 548
  • # of teachers: 29
8
GreatSchools Rating

Kyrene Del Pueblo Middle School

  • Education Level: Middle
  • # of students: 829
  • # of teachers: 50
8
GreatSchools Rating

Corona Del Sol High School

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

$609,790$745,298$677,544

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,500
Property Tax -$489
Property Insurance -$78
HOA -$15
Property Management Fees -$99
CASH FLOW
-$821

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.

$677,544

PROJECTED PRICE

$2,360

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,299

INVESTMENT

$185,299

Down Payment
$169,386
Rehab Estimate
$5,750
Closing Costs
$10,163

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,500

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,386
Loan Amount $508,158
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$875

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
  • $2,191

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,1954$2,3005$2,395
$2,395
RENT COMPS ANALYSIS
  • 9633 S Ash Avenue Tempe, AZ 1
    • 4 beds 2 baths ∙ 2,616 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,616 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5951 W Park Avenue Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 1991
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.81
    •  
  • 5922 W Gary Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1991
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.87
    •  
  • 188 E Dawn Drive Tempe, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Ronald C Moore
Rimrock Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172538
Last Updated: 12/17/2020
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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