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11241 E Starflower Court Chandler, AZ 85249

5 Beds 5 Baths 4,735 sqft Built 2005

$998,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $210.77
  • 4 Days on Market
  • MLS # : 6156158
  • Updated Date : 11/05/2020 at 13:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,735 sqft
  • Baths : 4 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Grand, single story home on over 1 acre in gated SanTan Vista. Six-figure remodel of resort style backyard completed last year. Includes new Pebble Tec pool, naturally cool-to-touch travertine pavers, never used outdoor kitchen, gas fire pit, and full bath with entry off of patio. Inside the 4735 sq.ft. home, soaring 16 foot ceilings greet you in the professionally decorated living room and foyer. Designer touches continue into the spacious great room. Luxurious kitchen with high end appliances, new custom hood, and walk in pantry. Large master retreat with spacious walk in closet, jacuzzi tub, dual head walk in shower, and private exit to patio. Four secondary bedrooms all include walk-in closets and access to Jack and Jill bathrooms. Massive 4-car garage with 28' bays and epoxy floor.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Santan Vista

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k717k

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

Neighborhood: Santan Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453325

* 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
Fulton Elementary School Primary Regular 995 48 9
Fulton Elementary School Middle Regular 995 48 9
Hamilton High School High Regular 3,740 190 8

Fulton Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Fulton Elementary School

  • Education Level: Middle
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$3,682
Property Tax -$782
Property Insurance -$119
HOA -$49
Property Management Fees -$99
CASH FLOW
-$1,321

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.

$998,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$395

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $3,330

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,770
1$2,7702$3,3003$3,4104$3,500
$3,500
RENT COMPS ANALYSIS
  • 11241 E Starflower Court Chandler, AZ 3
    • 5 beds 5 baths ∙ 4,735 Sqft ∙ Built 2005 5 beds 5 baths ∙ 4,735 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $0.72
    •  
  • 1527 E Aquarius Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 4,393 Sqft ∙ Built 2007 4 beds 3 baths ∙ 4,393 Sqft ∙ Built 2007
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.63
    •  
  • 11627 E San Tan Court Chandler, AZ 2
    • 4 beds 4 baths ∙ 4,685 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,685 Sqft ∙ Built 2006
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.70
    •  
  • 11619 E Bellflower Drive Chandler, AZ 4
    • 5 beds 4 baths ∙ 4,466 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,466 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.78
    •  
PROPERTY LISTING DETAILS
Daniel Hirleman
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156158
Last Updated: 11/05/2020
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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