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1080 W Goldfinch Way Chandler, AZ 85286

4 Beds 3 Baths 2,337 sqft Built 1995

$500,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $213.95
  • 1 Days on Market
  • MLS # : 6213353
  • Updated Date : 03/27/2021 at 21:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,337 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Great Chandler location. A very well maintained home by the original owners. Newer roof (2014). Partially remodeled kitchen with stainless Steel appliances, quartz counter-tops and a graphite sink. This home offers 4 bedrooms and 3 full bathrooms. One bedroom/1 full bathroom are downstairs with the master up. Master bathroom was remodeled in 2015. Fresh exterior paint in 2017. Tile/solid surface flooring throughout. Pebble-tec pool has been resurfaced too!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

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
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,737
Property Tax -$291
Property Insurance -$73
HOA -$20
Property Management Fees -$99
CASH FLOW
-$210

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.

$500,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$13,374

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,138

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0104$2,2005$2,395
$2,395
RENT COMPS ANALYSIS
  • 1080 W Goldfinch Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.86
    •  
  • 1421 W Pelican Court Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2005
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.87
    •  
  • 1456 W Flamingo Drive Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2005
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 1674 W Macaw Drive Chandler, AZ 4
    • 5 beds 3 baths ∙ 2,337 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,337 Sqft ∙ Built 1997
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 2942 S Holguin Way Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,447 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,447 Sqft ∙ Built 2000
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.98
    •  
PROPERTY LISTING DETAILS
Barbara Smith
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213353
Last Updated: 03/27/2021
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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