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1203 S Pennington Drive Chandler, AZ 85286

3 Beds 2 Baths 1,661 sqft Built 1994

$379,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $228.72
  • 2 Days on Market
  • MLS # : 6173035
  • Updated Date : 12/19/2020 at 18:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,661 sqft
  • Baths : 2 full
Listing Agent

Perfect Choice Real Estate

Listing Agent's Description

Beautifully updated 3 bdrm 2 bath home w/ spacious vaulted ceilings on a corner lot w/ RV gate. New Stainless Steel appliances included. Travertine flooring throughout - no carpet! Open floor plan w/ eat-in kitchen, pantry, & large kitchen island. Entertainer's dream! Backyard has a gorgeous pool w/ waterfall, grass, & plenty of patio space! Master bathroom includes a custom tiled shower with dual showerheads, double sinks, & the bedroom even has a walk-in closet. Conveniently located near the 202 & 101 Freeways & Chandler Fashion Mall.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silverton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Silverton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9141981

* 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
Conley Elementary School Primary Regular 764 43 5
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Conley Elementary School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 43
5
GreatSchools Rating

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$341,910$417,890$379,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,402
Property Tax -$221
Property Insurance -$60
HOA -$11
Property Management Fees -$99
CASH FLOW
$48

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.

$379,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$20k

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$31,471

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,860

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8403$1,8504$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1203 S Pennington Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.11
    •  
  • 900 S 94th Street #1015 Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2008
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
  • 900 S 94th Street #1012 Chandler, AZ 3
    • 4 beds 3 baths ∙ 1,701 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,701 Sqft ∙ Built 2008
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
  • 1641 W Winchester Way Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1995
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 1822 W Wildhorse Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1993
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.20
    •  
PROPERTY LISTING DETAILS
David Scott Labeda
Perfect Choice Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173035
Last Updated: 12/19/2020
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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