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1076 W Chicago Court Chandler, AZ 85224

3 Beds 2 Baths 1,283 sqft Built 1992

$359,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $280.51
  • 2 Days on Market
  • MLS # : 6184779
  • Updated Date : 01/29/2021 at 23:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,283 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

This amazing remodeled home features plank tile flooring, quartz countertops in kitchen and both bathrooms. New interior paint, new base boards, new fixtures and new carpet. New SS appliances, new water heater, and water filtration system. Newly painted cabinets. Windows are covered with shutters. Home sits in a Cul De Sac. Move in ready home in a desirable location!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Talavera

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k320k

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

Neighborhood: Talavera

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8441780

* 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
Andersen Junior High School Middle Regular 924 47 6
Hamilton High School High Regular 3,740 190 8

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Hamilton High School

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

$323,910$395,890$359,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,250
Property Tax -$210
Property Insurance -$52
HOA -$50
Property Management Fees -$99
CASH FLOW
-$201

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.

$359,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,248

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,511

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4603$1,5504$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 1076 W Chicago Court Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.14
    •  
  • 876 S Nebraska Street #79 Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1998
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.14
    •  
  • 1293 W Kesler Lane Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1997
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.18
    •  
  • 1270 W Chicago Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1992
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.16
    •  
  • 111 S Sean Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1991
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.23
    •  
PROPERTY LISTING DETAILS
Ivona Balderrama
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184779
Last Updated: 01/29/2021
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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