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1055 E Golden Court Chandler, AZ 85225

4 Beds 3 Baths 2,541 sqft Built 1995

$480,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $188.90
  • 4 Days on Market
  • MLS # : 6175004
  • Updated Date : 12/31/2020 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,541 sqft
  • Baths : 3 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Impeccably maintained & beautifully remodeled/updated home on corner oversized N/S exposure lot . Whole home hardwood flooring, central vacuumand water softener & w/wood burning fireplace & Bose surround sound in family room. Kitchen update w/white cabinets, granite countertops, reverse osmosis sink faucet & matching stainless appliances. Master bath is gorgeous with 2 freestanding marble top sink vanity's, separate shower & tub. Master closet is spacious w/custom installed cedar wood and shiplap. Easy to maintain resort like backyard has built-in propane grill w/granite counters, artificial grass, RV gate and single side gate. Trane High efficiency AC units new in 2017.

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
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,771
Property Tax -$280
Property Insurance -$77
HOA -$2
Property Management Fees -$99
CASH FLOW
-$118

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.

$480,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.44%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$23,230

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
  • $2,173

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$2,1004$2,1205$2,175
$2,175
RENT COMPS ANALYSIS
  • 1055 E Golden Court Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1158 E Park Avenue Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2008
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
  • 1420 W Sherri Drive Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 1989
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 918 W Coast Drive Gilbert, AZ 4
    • 3 beds 2 baths ∙ 2,583 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,583 Sqft ∙ Built 1987
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.82
    •  
  • 912 E Baylor Lane Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 1995
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kelly Wheaton
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175004
Last Updated: 12/31/2020
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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