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1054 E Golden Court Chandler, AZ 85225

3 Beds 3 Baths 2,376 sqft Built 1994

$450,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $189.39
  • 3 Days on Market
  • MLS # : 6161750
  • Updated Date : 11/20/2020 at 10:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,376 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

IMMACULATE 3 bed 2.5 bath 2,376 sqft home with a massive loft in the heart of Chandler! On nearly a QUARTER ACRE, this home boasts tile downstairs with hard-wood flooring upstairs. You'll find plantation shutters, vaulted ceilings, and attention to detail throughout. Kitchen is loaded with upgrades such as GRANITE countertops, an oversized island, staggered cherry cabinets, and views of the pool from your kitchen! Walk through french doors into a massive master bed, complete with granite countertops, double sinks, and a separate tub & shower in the master bath! Retreat into your own backyard oasis, complete with a built in BBQ, a PEBBLE-TEC pool with a rock water feature, COVERED patio space sitting area by the pool perfect for those relaxing AZ nights! Don't MISS this opportunity!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Provinces

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Provinces

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9161981

* 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
Shumway Elementary School Primary Regular 535 34 5
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Shumway Elementary School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 34
5
GreatSchools Rating

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,660
Property Tax -$262
Property Insurance -$74
HOA -$2
Property Management Fees -$99
CASH FLOW
$3

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.

$450,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$31,943

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,305

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,1754$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 1054 E Golden Court Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
  • 1420 W Sherri Drive Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 1989
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 912 E Baylor Lane Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 1995
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.96
    •  
  • 1456 W Iris Drive Gilbert, AZ 4
    • 3 beds 2 baths ∙ 2,393 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,393 Sqft ∙ Built 1991
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 1933 E Baylor Court Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1992
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
PROPERTY LISTING DETAILS
Gregory Hannah Ii
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161750
Last Updated: 11/20/2020
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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