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1157 W Swan Drive Chandler, AZ 85286

3 Beds 3 Baths 1,846 sqft Built 1995

$435,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $235.64
  • 4 Days on Market
  • MLS # : 6156340
  • Updated Date : 11/07/2020 at 08:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,846 sqft
  • Baths : 3 full
Listing Agent

Kirans And Associates Realty Llc

Listing Agent's Description

A rare opportunity to buy a beautifully upgraded house in Chandler area. Located in the popular 85286 zip code in the vicinity of great schools & multiple employers like Intel, GM, Paypal etc. Less than 5 mins drive to 101/202 freeways, supermarkets, restaurants, malls, daycares, schools, hospitals, parks. N/South orientation with kitchen on the South-East, master bedroom on South- West, large windows on the South - great energy flow as per Vaastu, Feng-Shui. State of the art gourmet kitchen with energy star rated stainless steel appliances, high- end luxurious granite countertops. Breakfast nook overlooks impeccably maintained backyard. Cozy family room has a gorgeous gas fireplace with a beautiful mantle. Updated air conditioner (lower utility bills),

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Tarwater Elementary School Primary Regular 857 45 9
Tarwater Elementary School Middle Regular 857 45 9
Hamilton High School High Regular 3,740 190 8

Tarwater Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Tarwater Elementary School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Hamilton High School

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

$391,500$478,500$435,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,605
Property Tax -$253
Property Insurance -$63
HOA -$17
Property Management Fees -$99
CASH FLOW
-$237

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.

$435,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

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

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$11,630

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,017

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7953$1,8004$1,9505$2,075
$2,075
RENT COMPS ANALYSIS
  • 1157 W Swan Drive Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 1337 W Weatherby Way Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2003
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.08
    •  
  • 1471 W Swan Court Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2005
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 1164 W Macaw Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 1,705 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,705 Sqft ∙ Built 1994
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.14
    •  
  • 1434 W Homestead Court Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $1.15
    •  
PROPERTY LISTING DETAILS
Kiran Vedantam
Kirans And Associates Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156340
Last Updated: 11/07/2020
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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