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1067 E Chapman Drive Chandler, AZ 85286

3 Beds 3 Baths 2,017 sqft Built 2019

$535,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $265.25
  • 2 Days on Market
  • MLS # : 6203383
  • Updated Date : 03/06/2021 at 20:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,017 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kirans And Associates Realty Llc

Listing Agent's Description

NEW Model Home for sale in a gated community in popular Chandler! Providing easy-care landscaping and a 2 car garage plus slab. You will absolutely love the desirable interior with its fresh paint, tile flooring, carpet upstairs, recessed lighting, roomy bedrooms w/ decorative light fixture, and an abundance of natural light flowing throughout. Magazine cover kitchen gives you SS appliances, espresso cabinets, granite counters, tile backsplash, and an island w/ sink & breakfast bar. Charming master bedroom has a functional barn door to enter the lavish bathroom with private toilet room, his/her sink, step-in shower & generous walk-in closet. Out the back, you have a covered patio where you can relax after a long & busy day. MUST SEE !

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
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,858
Property Tax -$312
Property Insurance -$67
HOA -$148
Property Management Fees -$99
CASH FLOW
-$193

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.

$535,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.43%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$14,989

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
  • $2,299

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,3004$2,3955$2,495
$2,495
RENT COMPS ANALYSIS
  • 1067 E Chapman Drive Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,017 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,017 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1802 S Senate Street Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2020
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 1128 E Sabino Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2020
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.19
    •  
  • 1079 E Sabino Drive Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2020
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.18
    •  
  • 1070 E Marlin Drive Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 2020
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.22
    •  
PROPERTY LISTING DETAILS
Naveen Kalagara
Kirans And Associates Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203383
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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