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1161 E Jupiter Place Chandler, AZ 85225

3 Beds 3 Baths 1,865 sqft Built 1995

$359,800

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $192.92
  • 3 Days on Market
  • MLS # : 6162407
  • Updated Date : 11/27/2020 at 11:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,865 sqft
  • Baths : 2 full , 1 half
Listing Agent

Taylor Street Realty Services

Listing Agent's Description

Hot Location Alert! Come and see this fantastic 3 bed, 2.5 bath property now for sale in Chandler! The elegant interior boasts vaulted ceilings, formal dining and living areas, a cozy loft, and neutral paint throughout. The gorgeous kitchen would make any chef jealous, with its ample cabinetry, pantry, granite countertops, tile backsplash, stainless steel appliances, track lighting, and breakfast bar. Inside the grandiose master bedroom you will find a spacious walk-in closet and a full bath with double sinks, ideal for couples. Also including a beautiful backyard with grassy landscaping and a covered patio, you simply couldn't ask for a better place to call home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Springs

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9201981

* 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
Bologna Elementary School Primary Regular 660 42 5
Willis Junior High School Middle Regular 947 51 6
Perry High School High Regular 3,194 142 7

Bologna Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 42
5
GreatSchools Rating

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Perry High School

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

$323,820$395,780$359,800

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,328
Property Tax -$210
Property Insurance -$64
HOA -$98
Property Management Fees -$99
CASH FLOW
-$58

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.

$359,800

PROJECTED PRICE

$1,740

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,097

INVESTMENT

$101,097

Down Payment
$89,950
Rehab Estimate
$5,750
Closing Costs
$5,397

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,950
Loan Amount $269,850
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,731

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,977

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7753$1,9904$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1161 E Jupiter Place Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.93
    •  
  • 1171 E Flint Street Chandler, AZ 2
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1991
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.93
    •  
  • 1050 E Detroit Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2015
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.08
    •  
  • 1413 E Saragosa Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2001
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.09
    •  
  • 1211 E Binner Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2014
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
PROPERTY LISTING DETAILS
David Barney
Taylor Street Realty Services
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162407
Last Updated: 11/27/2020
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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