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1012 W Wildhorse Drive Chandler, AZ 85286

5 Beds 3 Baths 3,853 sqft Built 1998

INVESTimate

$558,685

List Price

$2,600

$2,350 - $2,850

Rent Est.

$607,961  ( +8.82%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $145.00
  • 12 Days on Market
  • MLS # : 6118224
  • Updated Date : 08/22/2020 at 11:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,853 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Location! Gorgeous upgraded home in desirable community in heart of South Chandler's Carrizal Master Planned Community! This home features a game room, Dining Room, Living Room & Family room with Gas Fireplace, located on oversized corner lot. The gourmet kitchen includes upgraded cabinets, granite counter-tops, tile backsplash, and walk in Pantry. UPGRADES include BRAND NEW ROOF, BRAND NEW 2 Trane XR-16 AC UNITS, Travertine Flooring, Luxury Tile Shower and Soaking Tub in Masterbath, 3 car garage with epoxy. This home is located in Award winning Chandler Schools including Hamilton High School, Great Hearts Chandler Prep and Archway Classical, New Banner Hospital- Ocotillo, Chandler Regional Hospital, Chandler Mall, Wells Fargo, Intel, 202, 101 and I-10.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carrizal

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k485k

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

Neighborhood: Carrizal

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452387

* 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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$502,817$614,554$558,685

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,061
Property Tax -$325
Property Insurance -$102
HOA -$66
Property Management Fees -$99
CASH FLOW
-$54

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.

$558,685

PROJECTED PRICE

$2,600

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.82%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,802

INVESTMENT

$153,802

Down Payment
$139,671
Rehab Estimate
$5,750
Closing Costs
$8,380

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,061

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,671
Loan Amount $419,014
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$33,139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,890

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6753$2,7504$3,1005$3,295
$3,295
RENT COMPS ANALYSIS
  • 1012 W Wildhorse Drive Chandler, 1
    • 5 beds 3 baths ∙ 3,853 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,853 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.67
    •  
  • 440 S Emerson Street Chandler, 2
    • 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 2006
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $0.69
    •  
  • 866 W Glenmere Drive Chandler, 3
    • 4 beds 4 baths ∙ 3,905 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,905 Sqft ∙ Built 2005
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.70
    •  
  • 1650 S Evergreen Street Chandler, 4
    • 5 beds 5 baths ∙ 3,967 Sqft ∙ Built 2013 5 beds 5 baths ∙ 3,967 Sqft ∙ Built 2013
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.78
    •  
  • 1701 S Jay Place Chandler, 5
    • 5 beds 4 baths ∙ 3,975 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,975 Sqft ∙ Built 2005
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.83
    •  
PROPERTY LISTING DETAILS
Parul A. Tailor
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118224
Last Updated: 08/22/2020
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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