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1042 W Wildhorse Drive Chandler, AZ 85286

5 Beds 3 Baths 3,316 sqft Built 1999

$609,900

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $183.93
  • 2 Days on Market
  • MLS # : 6203510
  • Updated Date : 03/06/2021 at 14:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,316 sqft
  • Baths : 3 full
Listing Agent

Ah Properties

Listing Agent's Description

STUNNING 5 BEDROOM WITH HUGE BONUS ROOM COULD BE 6TH BEDROOM. 3 FULL BATH 3-CAR GARAGE WITH PRIVATE POOL AND ALL YOU COULD EVER WANT IN A HOME. NICE SIZE BEDROOM DOWNSTAIRS WITH FULL BATH. ***PLEASE OVERLOOK TENANT JUST & HOME GETTING PROFESSIONALLY CLEANED EVERYTHING DONE WEEK OF MARCH 7TH! *** SELLER WANTS TO SELL HOME SO YOU CAN PUT YOUR ''OWN'' STAMP ON IT AFTER YOU PURHASE. PERFECT FOR A LARGE FAMILY WHO LOVES ALL THE SPACE THIS HOME OFFERS!!! FIREPLACE, IN FAMILY ROOM, FORMAL LIVING, SEPERATE DINING (FORMAL), EAT IN BREAKFAST ROOM, HUGE LOFT WITH BONUS ROOM. BACKYARD FACES NORTH A VERY NICE HOME!!! POOL HAS WATERFALL, COVERED PATIO LOW MAINTENANCE BACKYARD AND SIDE YARD. YOU WILL LOVE THIS POPULAR FLOORPLAN FROM US HOMES!

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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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$548,910$670,890$609,900

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,118
Property Tax -$355
Property Insurance -$92
HOA -$22
Property Management Fees -$99
CASH FLOW
-$126

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.

$609,900

PROJECTED PRICE

$2,560

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.8%
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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,374

INVESTMENT

$167,374

Down Payment
$152,475
Rehab Estimate
$5,750
Closing Costs
$9,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,118

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,475
Loan Amount $457,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$24,739

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
  • $2,711

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,7504$2,7505$2,850
$2,850
RENT COMPS ANALYSIS
  • 1042 W Wildhorse Drive Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,316 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,316 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1122 W Wildhorse Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 1999
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.76
    •  
  • 1090 W Longhorn Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.84
    •  
  • 1073 W Wildhorse Drive Chandler, AZ 4
    • 5 beds 3 baths ∙ 3,428 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,428 Sqft ∙ Built 1998
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.80
    •  
  • 1135 W Mulberry Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.87
    •  
PROPERTY LISTING DETAILS
Laurie Parent
Ah Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203510
Last Updated: 03/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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