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1073 W Wildhorse Drive Chandler, AZ 85286

5 Beds 3 Baths 3,290 sqft Built 1998

$505,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $153.50
  • 4 Days on Market
  • MLS # : 6159273
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,290 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gold Trust Realty

Listing Agent's Description

TILE & LAMINATE FLOORING,ISLAND KITCHEN,OAK CABINETS,GAS COOKING,WALK-IN PANTRY,LARGE LOFT,PLANT SHELVES, RAISED PANEL DOORS,BAY WINDOWS,2 INCH BLINDS,SUNSCREENS,LOADS OF STORAGE, NICELY LANDSCAPED,HEATED POOL & SOOTHING SPA,EXTENDED LENGTH GARAGE, WALKING TRAILS.

SEE MORE

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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

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

$454,500$555,500$505,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,863
Property Tax -$294
Property Insurance -$91
HOA -$22
Property Management Fees -$99
CASH FLOW
$110

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.

$505,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.49%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$139,575

INVESTMENT

$139,575

Down Payment
$126,250
Rehab Estimate
$5,750
Closing Costs
$7,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,863

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $126,250
Loan Amount $378,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$46,384

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
  • $2,681

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,6504$2,7505$2,850
$2,850
RENT COMPS ANALYSIS
  • 1073 W Wildhorse Drive Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998
    property image
    • 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
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.76
    •  
  • 1530 W Thompson Way Chandler, AZ 3
    • 6 beds 3 baths ∙ 3,365 Sqft ∙ Built 2002 6 beds 3 baths ∙ 3,365 Sqft ∙ Built 2002
    property image
    LEASED 05/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.79
    •  
  • 1090 W Longhorn Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.84
    •  
  • 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
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jenny Jie Sun Mou
Gold Trust Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159273
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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