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1137 E Chapman Drive Chandler, AZ 85286

3 Beds 2 Baths 2,017 sqft Built 2019

$469,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $232.52
  • 3 Days on Market
  • MLS # : 6160087
  • Updated Date : 11/13/2020 at 10:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,017 sqft
  • Baths : 2 full
Listing Agent

Kd Realty, Llc

Listing Agent's Description

Better than new!! Adorable new home with all the upgrades! Open floorplan, white Kitchen, wood-like tile, window treatments throughout. Shiplap in the family room and master suite. Kitchen boasts granite, subway tile backsplash, upgraded SS appliances, gas cooktop with 5 burners, large island for gatherings and lots of extra cabinets for storage. Half bath downstairs.Master suite is oversized with ensuite, tiled walk-in shower and raised double vanities. Upstairs laundry. Three bedrooms and 2 full baths upstairs. Yard is complete with pavers, turf and outdoor lighting. Gas stub at patio was moved for better access/room for a grill. Garage has epoxy and soft water pre-plumb. Right across from the park and close to common parking. Gated community with community pool and spa. Lots to enjoy.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* 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
Chandler Traditional Academy - Humphrey Campus Primary Regular 511 33 5
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Chandler Traditional Academy - Humphrey Campus

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 33
5
GreatSchools Rating

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$422,100$515,900$469,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,730
Property Tax -$273
Property Insurance -$67
HOA -$148
Property Management Fees -$99
CASH FLOW
-$37

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$469,000

PROJECTED PRICE

$2,280

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,285

INVESTMENT

$126,285

Down Payment
$117,250
Rehab Estimate
$2,000
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$27,573

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
  • $2,299

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,3004$2,3955$2,495
$2,495
RENT COMPS ANALYSIS
  • 1137 E Chapman Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,017 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,017 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1802 S Senate Street Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2020
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 1128 E Sabino Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2020
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.19
    •  
  • 1079 E Sabino Drive Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2020
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.18
    •  
  • 1070 E Marlin Drive Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 2020
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.22
    •  
PROPERTY LISTING DETAILS
Kimberly Dempsey
Kd Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160087
Last Updated: 11/13/2020
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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