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11031 E Cloud Road Chandler, AZ 85248

3 Beds 4 Baths 2,718 sqft Built 1985

$699,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $257.17
  • 7 Days on Market
  • MLS # : 6189096
  • Updated Date : 02/21/2021 at 02:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,718 sqft
  • Baths : 3 full , 1 half
Listing Agent

R.o.i. Properties

Listing Agent's Description

A Little Piece of Country in the City. Incredible opportunity to own this custom two-story on almost an acre of fenced property, in beautiful Chandler. This fabulous two-story home has lots of creative opportunities and a desire for country living. The enormous ground floor master suite is very private with a cozy fireplace and French doors. Master bath features a large soaking tub and separate shower. Upstairs there are two big bedrooms, a loft and a bonus room that is perfect for a library, nursery or craft room. There is a dining area adjacent to the kitchen with big windows to let in lots of natural light. A formal living area is divided by a dual sided fireplace. Outside you'll be entertaining under the pergola on your large covered patio accented by a sparkling private swimming pool.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k377k

* 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
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
 

$629,100$768,900$699,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$2,428
Property Tax -$477
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$894

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.

$699,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.31%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$214

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
  • $2,222

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,2504$2,2505$2,500
$2,500
RENT COMPS ANALYSIS
  • 11031 E Cloud Road Chandler, AZ 1
    • 3 beds 4 baths ∙ 2,718 Sqft ∙ Built 1985 3 beds 4 baths ∙ 2,718 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 863 E Gemini Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2001
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
  • 124 W Teakwood Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2001
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
  • 734 E Gemini Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2002
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
  • 439 E Horseshoe Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2004
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
PROPERTY LISTING DETAILS
Beth Jo Zeitzer
R.o.i. Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189096
Last Updated: 02/21/2021
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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