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1220 S Crossbow Place Chandler, AZ 85286

3 Beds 2 Baths 1,596 sqft Built 1996

$329,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $206.70
  • 5 Days on Market
  • MLS # : 6166507
  • Updated Date : 12/02/2020 at 09:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,596 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

NEW 16 SEER TRANE A/C w/10 yr warranty! Open, GREAT ROOM plan. Huge kitchen open to great rm. Granite counters & kitchen island! All appliances included. Vaulted ceilings & NO POPCORN ceilings! Huge Master bdrm w/ walk-in closet. Nice sized guest bdrms. Wood blinds on every window. New ceiling fans. NEW dishwasher. Tons of storage in garage+epoxy floors! WATER SOFTENER. French doors to huge, COVERED PATIO. Large pool-sized back yard. NO TWO STORY HOUSES behind & NONE in neighborhood! Large open space on north side due to easement! NOT a through street, so not much traffic. Overnight Parking on street allowed! Community grass areas! Central Chandler LOCATION! One light away from loop 202! Minutes to CG Community College, parks, hospitals, DOWNTOWN CHANDLER, Malls, everything you need!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* 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
Frye Elementary School Primary Regular 633 39 3
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Frye Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 39
3
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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,217
Property Tax -$192
Property Insurance -$58
HOA -$51
Property Management Fees -$99
CASH FLOW
$72

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.

$329,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$29,675

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,692

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6904$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 1220 S Crossbow Place Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.06
    •  
  • 1023 S San Vincente Court Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2002
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 751 E Reflection Place Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,575 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,575 Sqft ∙ Built 2003
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 681 E Browning Way Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2003
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.08
    •  
  • 1043 S San Vincente Court Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2002
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.14
    •  
PROPERTY LISTING DETAILS
Thomas M Speaks
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166507
Last Updated: 12/02/2020
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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