Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1162 N Hudson Place Chandler, AZ 85225

3 Beds 2 Baths 1,600 sqft Built 1994

$399,999

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $250.00
  • 3 Days on Market
  • MLS # : 6178584
  • Updated Date : 01/09/2021 at 05:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

Voyage Realty

Listing Agent's Description

The Provinces & Contemporary collide. Conservatively Appraised at 403K! Single level home nested in a cul-de-sac facing the community park! Not an expensed spared in this 3 bedroom, 2 bath, 2 car garage home. New 3-tone interior paint. Upgraded wood-looking Procelain tile throughout. White shaker cabinets/quartz countertops, gray herringbone design backsplash. A Master with His/Her vanity, custom GLASS enclosed walk-in His/Her AND Rain Fall shower, Custom Walk-In Closet and Trim finishes, Modern Black Trim-Out throughout. Outside you'll find a covered patio, artificial GRASS, additional paved patio. Mechanicals?? A brand NEW Roof Underlayment and Battens, Electric Ht/Wtr, New PEX plumbing lines, copper, and valves! Newer A/C unit, NEW Exterior 2-tone Paint. The best of both Worlds

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Provinces

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Provinces

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9161981

* 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
Shumway Elementary School Primary Regular 535 34 5
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Shumway Elementary School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 34
5
GreatSchools Rating

Willis Junior High School

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

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$359,999$439,999$399,999

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 -$1,389
Property Tax -$233
Property Insurance -$58
HOA -$2
Property Management Fees -$99
CASH FLOW
-$42

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.

$399,999

PROJECTED PRICE

$1,740

PROJECTED RENT

0.44%

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) 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$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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$19,687

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
  • $1.09

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7403$1,7954$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 1162 N Hudson Place Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.09
    •  
  • 1690 E Countrywalk Lane Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.11
    •  
  • 1230 N Tower Avenue Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1991
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
  • 921 E Del Rio Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2012
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
  • 898 E Del Rio Street Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2010
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Raymundo Cruz
Voyage Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178584
Last Updated: 01/09/2021
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.

BESbswy