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1245 E San Carlos Way Chandler, AZ 85249

3 Beds 2 Baths 2,436 sqft Built 2000

$649,900

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $266.79
  • 1 Days on Market
  • MLS # : 6259119
  • Updated Date : 07/13/2021 at 19:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,436 sqft
  • Baths : 2 full
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

Large Corner Lot w/ Sparkling Pool & 3-Car Garage! Located in the Highly Desirable Area of Southeast Chandler Walking Distance to Elementary/Junior High Schools! Great Splt-Floorplan w/ 3 Bedrooms/2 Baths and Dedicated Study! Booming Area w/ Close to New Retail Shopping, Hip Restaurants, Golf, INTEL, Downtown Chandler, Freeways & Airports!

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 Junior High School Middle Regular 1,291 60 9
Basha High School High Regular 2,646 125 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Basha High School

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

$584,910$714,890$649,900

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,257
Property Tax -$463
Property Insurance -$75
HOA -$62
Property Management Fees -$99
CASH FLOW
-$486

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.

$649,900

PROJECTED PRICE

$2,470

PROJECTED RENT

0.38%

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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,897

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,649

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2503$2,2954$2,4705$3,295
$3,295
RENT COMPS ANALYSIS
  • 1245 E San Carlos Way Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.01
    •  
  • 1713 E San Carlos Place Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.03
    •  
  • 762 E Beechnut Drive Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,203 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,203 Sqft ∙ Built 2002
    LEASED 03/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.02
    •  
  • 795 E Blue Ridge Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2004
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.05
    •  
  • 1821 E Horseshoe Drive Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,635 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,635 Sqft ∙ Built 2017
    LEASED 05/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.25
    •  
PROPERTY LISTING DETAILS
David C Rose
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6259119
Last Updated: 07/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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