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1244 E San Carlos Way Chandler, AZ 85249

4 Beds 2 Baths 2,436 sqft Built 2000

INVESTimate

$475,000

List Price

$2,250

$2,025 - $2,475

Rent Est.

$501,648  ( +5.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $194.99
  • 7 Days on Market
  • MLS # : 6120008
  • Updated Date : 08/24/2020 at 21:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,436 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Amazing home!! New flooring, shutters, bathrooms, kitchen single level! This home won't last please don't hesitate! Great location, great schools welcome home!

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
Santan Elementary School Primary Regular 914 51 10
Santan Elementary School Middle Regular 914 51 10
Basha High School High Regular 2,646 125 8

Santan Elementary School

  • Education Level: Primary
  • # of students: 914
  • # of teachers: 51
10
GreatSchools Rating

Santan Elementary School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 51
10
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,753
Property Tax -$342
Property Insurance -$75
HOA -$62
Property Management Fees -$99
CASH FLOW
-$80

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.

$475,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.47%

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$24,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,381

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,2504$2,4005$2,650
$2,650
RENT COMPS ANALYSIS
  • 1244 E San Carlos Way Chandler, 3
    • 4 beds 2 baths ∙ 2,436 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,436 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.92
    •  
  • 1042 E Canyon Way Chandler, 1
    • 4 beds 2 baths ∙ 2,148 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,148 Sqft ∙ Built 1999
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 1676 E Bartlett Place Chandler, 2
    • 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 3855 S Mcqueen Road #68 Chandler, 4
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2019
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
  • 1937 E Glacier Place Chandler, 5
    • 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2004
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.01
    •  
PROPERTY LISTING DETAILS
John Lake
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120008
Last Updated: 08/24/2020
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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