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1118 W Estrella Drive Chandler, AZ 85224

3 Beds 2 Baths 1,576 sqft Built 1986

$325,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $206.22
  • 4 Days on Market
  • MLS # : 6163471
  • Updated Date : 11/27/2020 at 12:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,576 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

* 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
Andersen Elementary School Primary Regular 652 31 4
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 31
4
GreatSchools Rating

Andersen Junior High School

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

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,199
Property Tax -$189
Property Insurance -$58
HOA -$38
Property Management Fees -$99
CASH FLOW
-$3

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.

$325,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$22,054

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,675

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5253$1,5804$1,6505$1,875
$1,875
RENT COMPS ANALYSIS
  • 1118 W Estrella Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.00
    •  
  • 1082 W Orchid Lane Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1993
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 1623 N Comanche Drive Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1984
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.91
    •  
  • 1351 N Pleasant Drive #1095 Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2000
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
  • 1502 N Central Drive Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 1985
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.15
    •  
PROPERTY LISTING DETAILS
Barbara Drake
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163471
Last Updated: 11/27/2020
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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