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1255 N Arizona Avenue #1031 Chandler, AZ 85225

4 Beds 4 Baths 2,188 sqft Built 2020

$341,360

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $156.01
  • 1 Days on Market
  • MLS # : 6163666
  • Updated Date : 11/21/2020 at 17:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,188 sqft
  • Baths : 3 full , 1 half
Listing Agent

Drh Properties Inc

Listing Agent's Description

Come check out Chandlers latest smart home community! This home has 4 bedrooms-1 on the main floor with its own bathroom, great room concept and gorgeous kitchen with island, granite countertops and stainless steel appliances! Tile in all common areas! Washer/dryer included! Private outdoor courtyard! 2 car garage! Community is a hidden gem with 2 community pools, park areas & its gated! Minutes from downtown, Tempe, 101, 202 & US-60!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

* 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
Bologna Elementary School Primary Regular 660 42 5
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Bologna Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 42
5
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$307,224$375,496$341,360

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,259
Property Tax -$199
Property Insurance -$70
HOA -$230
Property Management Fees -$99
CASH FLOW
$493

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$341,360

PROJECTED PRICE

$2,350

PROJECTED RENT

0.69%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$92,460

INVESTMENT

$92,460

Down Payment
$85,340
Rehab Estimate
$2,000
Closing Costs
$5,120

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,259

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,340
Loan Amount $256,020
See What Happens When You Reinvest Cash Flow

12.67

YEARS SAVED

$82,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,314

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9993$2,1504$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 1255 N Arizona Avenue #1031 Chandler, AZ 1
    • 4 beds 4 baths ∙ 2,188 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,188 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1255 N Arizona Avenue #1274 Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2020
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.02
    •  
  • 1255 N Arizona Avenue #1262 Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.09
    •  
  • 1255 N Arizona Avenue #1266 Chandler, AZ 4
    • 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.11
    •  
  • 1255 N Arizona Avenue #1222 Chandler, AZ 5
    • 4 beds 4 baths ∙ 2,188 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,188 Sqft ∙ Built 2020
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jaime R Robinson
Drh Properties Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163666
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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