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1060 S Sean Drive Chandler, AZ 85286

3 Beds 2 Baths 1,848 sqft Built 1998

$450,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $243.51
  • 3 Days on Market
  • MLS # : 6154646
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,848 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

You will love this 3 bedroom + den, 2 bathroom home with a 3-car garage! This gorgeous move-in ready home has plank tile, newer interior paint and a newly remodeled pool. The kitchen includes granite counter tops, an island with breakfast bar, stainless steel appliances, including a gas range. This split floor plan includes a primary bathroom with dual sinks, garden tub, walk-in shower, private toilet room and walk-in closet. The backyard does not disappoint with a (2019) remodeled pool with new cool decking and a gas fire pit. HIGHLIGHTS: One-story, split floor plan,2018 water heater,gas appliances,2018 plank tile flooring,2018 interior paint,electric window shades,dual pane windows,vaulted ceilings,close to the 202,downtown Chandler, Chandler mall, restaurants, shopping and so much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Conley Elementary School Primary Regular 764 43 5
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Conley Elementary School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 43
5
GreatSchools Rating

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
 

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

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,660
Property Tax -$262
Property Insurance -$63
HOA -$67
Property Management Fees -$99
CASH FLOW
-$432

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

$1,720

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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 60% 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

1.25

YEARS SAVED

$2,933

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7203$1,8004$1,9505$1,950
$1,950
RENT COMPS ANALYSIS
  • 1060 S Sean Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.93
    •  
  • 828 W Kesler Lane Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1995
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 1651 W Springfield Way Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1995
    property image
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 1401 W Camino Court Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 1990
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
  • 1641 W Winchester Way Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1995
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
PROPERTY LISTING DETAILS
Torey Gannon
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154646
Last Updated: 11/13/2020
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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