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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
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
-
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
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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
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172748
Last Updated: 12/18/2020
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.
