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11631 E Starflower Drive Chandler, AZ 85249

5 Beds 4 Baths 4,719 sqft Built 2005

INVESTimate

$874,900

List Price

$3,250

$3,000 - $3,500

Rent Est.

$923,982  ( +5.61%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $185.40
  • 13 Days on Market
  • MLS # : 6117772
  • Updated Date : 08/22/2020 at 18:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,719 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

** Wow - Seller's Fabulous Out of State Job Offer Presents YOUR Fabulous Opportunity ** This Extraordinary Luxury Style Resort Living becomes your every day life in this stunning executive estate situated on a 1/2 acre lot in the highly sought after community of Estates at Santan Vista. This full blown masterpiece exudes the good life and features a floor plan perfect for entertaining your family, friends, and associates with 5 bedrooms+bonus room, 3.5 baths and 3 car garage. The incredible resort-style backyard omits no detail and screams ''where's the band'' with it's opulent pool, natural stone travertine decking, rock waterfall, grotto and slide, plus spectacular swim up bar.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Fulton Elementary School Primary Regular 995 48 9
Fulton Elementary School Middle Regular 995 48 9
Hamilton High School High Regular 3,740 190 8

Fulton Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Fulton Elementary School

  • Education Level: Middle
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Hamilton High School

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

$787,410$962,390$874,900

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$3,228
Property Tax -$734
Property Insurance -$119
HOA -$155
Property Management Fees -$99
CASH FLOW
-$1,085

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.

$874,900

PROJECTED PRICE

$3,250

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,599

INVESTMENT

$237,599

Down Payment
$218,725
Rehab Estimate
$5,750
Closing Costs
$13,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,725
Loan Amount $656,175
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$534

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,272

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,2004$3,300
$3,300
RENT COMPS ANALYSIS
  • 11631 E Starflower Drive Chandler, 1
    • 5 beds 4 baths ∙ 4,719 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,719 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2044 E Firestone Drive Chandler, 2
    • 6 beds 4 baths ∙ 4,376 Sqft ∙ Built 2002 6 beds 4 baths ∙ 4,376 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.68
    •  
  • 928 E Nolan Place Chandler, 3
    • 4 beds 3 baths ∙ 4,565 Sqft ∙ Built 2005 4 beds 3 baths ∙ 4,565 Sqft ∙ Built 2005
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.70
    •  
  • 11627 E San Tan Court Chandler, 4
    • 4 beds 4 baths ∙ 4,685 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,685 Sqft ∙ Built 2006
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.70
    •  
PROPERTY LISTING DETAILS
Tina Dudek
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6117772
Last Updated: 08/22/2020
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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