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8514 S Willow Drive 
Tempe, AZ
85284
5 Beds 4 Baths 4,650 sqft
Built 1995
INVESTimate
$1,200,000
List Price
$323,750
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $258.06
- 2 Days on Market
- MLS # : 6113185
- Updated Date : 08/25/2020 at 21:30
CONSTRUCTION
- Beds : 5
- Floor Size : 4,650 sqft
- Baths : 4 full
Listing Agent
Homesmart
Listing Agent's Description
Luxury, one-of-a-kind, custom estate in Tempe's prestigious Warner Estates neighborhood. Incredible layout with residential wing separate from living wing. Stunning entryway with huge front door that leads directly into living room with vaulted ceiling, fireplace, and wet bar; perfect for entertaining! Separate dining room that can fit 12. Kitchen with built-in Sub-Zero fridge, breakfast nook, and breakfast bar leading into family room with library shelves, fireplace, and vaulted ceilings. Large backyard with resort-style pool accented with majestic waterfalls. Master suite is it's own floor above residential wing with snail shower, tub, makeup vanity, his & hers closets and sinks. Basement is excellent for kids room and can be plumbed to be a full guest suite. A truly remarkable property!
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PRICE & RENT TRENDS
Neighborhood: Warner Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Warner Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,030 |
| EXPENSES | Loan Payment | -$4,427 |
| Property Tax | -$867 | |
| Property Insurance | -$118 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,481
|
||
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.
$1,200,000
PROJECTED PRICE
$4,030
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 3.90% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$323,750
LOAN DETAILS
$4,427
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $300,000 |
| Loan Amount | $900,000 |
0.33
YEARS SAVED
$1,103
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,030
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$5,162
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
8514 S Willow Drive Tempe, 1
- 5 beds 4 baths ∙ 4,650 Sqft ∙ Built 1995 5 beds 4 baths ∙ 4,650 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $4,030
- $0.87
-
2005 E Caroline Lane Tempe, 2
- 5 beds 4 baths ∙ 4,911 Sqft ∙ Built 1994 5 beds 4 baths ∙ 4,911 Sqft ∙ Built 1994
LEASED 07/08/19- Rent
- Rent Per SQFT
- $5,450
- $1.11
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6113185
Last Updated: 08/25/2020
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.
