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 W Sunrise Place Chandler, AZ 85248

5 Beds 4 Baths 4,371 sqft Built 1998

$1,075,000

List Price

$3,760

$3.5K - $4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $245.94
  • 5 Days on Market
  • MLS # : 6153723
  • Updated Date : 10/31/2020 at 14:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,371 sqft
  • Baths : 3 full , 1 half
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

Gorgeous custom, single level home situated in a gorgeous gated community in Ocotillo. You'll love this open floorplan that features 5 BR+office/3.5BA/3CG that has a fully remodeled kitchen with solid cherry wood cabinets in two tones (creamy white and black), granite counters, natural stone backsplash, custom hood, brand new gas cooktop and top of the line appliances, new light fixtures and a gorgeous built-in banquette w/ extra storage and plenty of room to seat a crowd. Step into the family room to enjoy the soaring ceilings and the beautiful feature wall with a 100'' fireplace with stacked stone, floating shelves, custom cabinets and a built-in bar perfect for entertaining. The beautiful master suite has a two way fireplace, w/ a quartz surround Jacuzzi tub, steam shower, new vanity

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cantabria Shores at Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k457k

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

Neighborhood: Cantabria Shores at Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452584

* 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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

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

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$3,384$4,136$3,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,760
EXPENSES Loan Payment -$3,966
Property Tax -$779
Property Insurance -$112
HOA -$48
Property Management Fees -$99
CASH FLOW
-$1,245

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.

$1,075,000

PROJECTED PRICE

$3,760

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,966

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,761

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,760

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $4,152

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,760
1$3,7602$4,2003$4,2004$4,350
$4,350
RENT COMPS ANALYSIS
  • 1162 W Sunrise Place Chandler, AZ 1
    • 5 beds 4 baths ∙ 4,371 Sqft ∙ Built 1998 5 beds 4 baths ∙ 4,371 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,760
    • $0.86
    •  
  • 961 W Macaw Drive Chandler, AZ 2
    • 5 beds 5 baths ∙ 4,525 Sqft ∙ Built 2004 5 beds 5 baths ∙ 4,525 Sqft ∙ Built 2004
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $0.93
    •  
  • 962 W Bluebird Drive Chandler, AZ 3
    • 5 beds 4 baths ∙ 4,525 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,525 Sqft ∙ Built 2004
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $0.93
    •  
  • 434 W Azalea Drive Chandler, AZ 4
    • 5 beds 4 baths ∙ 4,377 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,377 Sqft ∙ Built 2006
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
William Ryan
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153723
Last Updated: 10/31/2020
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.

BESbswy