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PROPERTY INFO
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
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PRICE & RENT TRENDS
Neighborhood: The Provinces
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Provinces
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $299,999 |
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
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1162 N Hudson Place Chandler, AZ 2
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- $1,740
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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
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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
Voyage Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178584
Last Updated: 01/09/2021
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.
