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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $259.15
- 2 Days on Market
- MLS # : 6197023
- Updated Date : 02/20/2021 at 14:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,929 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Sonoran
Listing Agent's Description
GORGEOUSLY REMODELED home w/ NEW HVAC, NEW WATER HEATER, BRAND NEW WOOD-LOOK TILE FLOORS & baseboards THROUGHOUT, NEW FOAM PATIO ROOF, NEW PAINT in & out, PLANTATION SHUTTERS & 3-car garage in DESIRABLE OCOTILLO Neighborhood of Stillwater Cove. Enter into the OPEN Living & Dining Rooms. The Eat-in Kitchen w/ QUARTZ Counters, Stainless Appliances & Pullouts in the Cabinets is open to the FAMILY ROOM. The Master Suite boasts a GORGEOUS WALK-IN SHOWER, DOUBLE SINKS & WALK-IN CLOSET. 2 Additional Bedrooms, a DEN & a Full Bath too. Extra Storage Space in Laundry Room & 3-CAR GARAGE. You'll love to relax or play in the PRIVATE NORTH-FACING BACKYARD w/ Extended Patio, Mature Landscaping & Natural Grass. All of this in a GREAT CHANDLER LOCATION near schools, shopping, restaurants & freeways!
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PRICE & RENT TRENDS
Neighborhood: Cantabria Shores at Ocotillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cantabria Shores at Ocotillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,736 |
| Property Tax | -$362 | |
| Property Insurance | -$65 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$402
|
||
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.
$499,900
PROJECTED PRICE
$1,880
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,224
LOAN DETAILS
$1,736
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
1.5
YEARS SAVED
$3,827
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,050
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
1222 W Honeysuckle Lane Chandler, AZ 1
- 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $0
- $0.00
-
837 W Rockrose Way Chandler, AZ 2
- 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 1997
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,900
- $1.00
-
823 W Locust Drive Chandler, AZ 3
- 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1997
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,995
- $1.05
-
3550 S Barberry Place Chandler, AZ 4
- 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1997
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,999
- $1.11
-
1192 W Honeysuckle Lane Chandler, AZ 5
- 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 1994
LEASED 12/10/20- Rent
- Rent Per SQFT
- $2,300
- $1.09
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197023
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
