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122 W Raven Drive Chandler, AZ 85286

4 Beds 3 Baths 2,760 sqft Built 2001

$525,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $190.22
  • 2 Days on Market
  • MLS # : 6163611
  • Updated Date : 11/21/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,760 sqft
  • Baths : 3 full
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

This is the Gem you've been waiting for. 4 Bedroom 3 Bath near Intel and Price Corridor is fully loaded. This home has it all. Original Owners. Home has been meticulously maintained and upgraded. Newly Remodeled kitchen includes Granite Tops, New Cabinets, New Stainless Appliances, Large Island with storage, etc. Plantation Shutters, Solid wood cabinets, Shade Screens, Built-in BBQ, Large play pool, Lush landscaping, Beautiful natural slate flooring throughout, Custom two-tone paint throughout. And the Front and Back Yards are absolutely out of this world- perfect for any occasion. This home will not last long.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carino Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k400k

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

Neighborhood: Carino Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452061

* 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
Hancock Elementary School Primary Regular 863 43 8
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Hancock Elementary School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 43
8
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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,937
Property Tax -$306
Property Insurance -$81
HOA -$11
Property Management Fees -$99
CASH FLOW
-$293

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.

$525,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.41%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$13,456

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,381

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,1953$2,2004$2,3005$2,495
$2,495
RENT COMPS ANALYSIS
  • 122 W Raven Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.78
    •  
  • 3081 S Sunland Drive Chandler, AZ 2
    • 5 beds 4 baths ∙ 2,890 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,890 Sqft ∙ Built 2013
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
  • 2936 S Washington Street Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 337 W Swan Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2003
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 213 W Pelican Drive Chandler, AZ 5
    • 4 beds 4 baths ∙ 2,661 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,661 Sqft ∙ Built 2002
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jeffrey Eldridge
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163611
Last Updated: 11/21/2020
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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