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9730 S La Rosa Drive Tempe, AZ 85284

4 Beds 4 Baths 3,458 sqft Built 1996

$599,990

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $173.51
  • 3 Days on Market
  • MLS # : 6153608
  • Updated Date : 11/28/2020 at 18:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,458 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Tempe is calling you and your answer is this two story home! Neutral tile and Wood flooring in all the right places! Let the AZ sunshine in with all it's glory through the panoramic windows.1/2 bath + 3/4 bath & 1 bedroom downstairs. Eat in kitchen is complete with center island, breakfast bar, granite countertops, a plethora of custom cabinets, and stainless steel appliances. Three bedrooms up plus a office with built in desks! Master suite has wood flooring, private exit to balcony, and built in desk. Full spa bathroom with double sink vanity and separate soaking tub + shower. Extra spacious walk in closet with built in storage! Balcony overlooks gorgeous lush greenery. Resort style backyard features a covered patio with lush green grass and a sparkling pool

SEE MORE

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
 

$539,991$659,989$599,990

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,214
Property Tax -$433
Property Insurance -$95
HOA -$165
Property Management Fees -$99
CASH FLOW
-$236

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.

$599,990

PROJECTED PRICE

$2,770

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,747

INVESTMENT

$164,747

Down Payment
$149,998
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,998
Loan Amount $449,993
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$19,312

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,818

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6003$2,7704$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 9730 S La Rosa Drive Tempe, AZ 3
    • 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.80
    •  
  • 5610 W Gail Drive Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,266 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,266 Sqft ∙ Built 1993
    LEASED 11/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.80
    •  
  • 4080 W Linda Lane Chandler, AZ 2
    • 5 beds 3 baths ∙ 3,227 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,227 Sqft ∙ Built 1995
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.81
    •  
  • 1406 W Stacey Lane Tempe, AZ 4
    • 5 beds 3 baths ∙ 3,529 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,529 Sqft ∙ Built 1995
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.79
    •  
  • 4746 W Carla Vista Drive Chandler, AZ 5
    • 5 beds 3 baths ∙ 3,485 Sqft ∙ Built 1992 5 beds 3 baths ∙ 3,485 Sqft ∙ Built 1992
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.86
    •  
PROPERTY LISTING DETAILS
Martin F. Griffin
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153608
Last Updated: 11/28/2020
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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