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1123 E Lynx Way Chandler, AZ 85249

3 Beds 2 Baths 2,148 sqft Built 2000

$499,900

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $232.73
  • 3 Days on Market
  • MLS # : 6172748
  • Updated Date : 12/18/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,148 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this updated pool home in Chandler Heights Estates! TWO NEW A/C UNITS! This home has been updated with neutral paint and new carpet. The kitchen features updated cabinetry, a large island for extra prep and storage, and stainless steel appliances. The primary bedroom has an ensuite bathroom with dual sinks, separate shower and tub, and a large walk in closet. The backyard boasts a covered patio and play pool. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

* 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
Santan Elementary School Primary Regular 914 51 10
Santan Elementary School Middle Regular 914 51 10
Basha High School High Regular 2,646 125 8

Santan Elementary School

  • Education Level: Primary
  • # of students: 914
  • # of teachers: 51
10
GreatSchools Rating

Santan Elementary School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 51
10
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,844
Property Tax -$356
Property Insurance -$69
HOA -$21
Property Management Fees -$99
CASH FLOW
-$79

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.

$499,900

PROJECTED PRICE

$2,310

PROJECTED RENT

0.46%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$26,810

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,180

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1953$2,1954$2,2955$2,310
$2,310
RENT COMPS ANALYSIS
  • 1123 E Lynx Way Chandler, AZ 5
    • 3 beds 2 baths ∙ 2,148 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,148 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.08
    •  
  • 1676 E Bartlett Place Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 3855 S Mcqueen Road #92 Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2020
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.04
    •  
  • 1713 E San Carlos Place Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.03
    •  
  • 795 E Blue Ridge Way Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2004
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.05
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172748
Last Updated: 12/18/2020
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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