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1255 N Arizona Avenue #1032 Chandler, AZ 85225

3 Beds 3 Baths 2,061 sqft Built 2020

$336,210

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $163.13
  • 6 Days on Market
  • MLS # : 6166350
  • Updated Date : 12/01/2020 at 13:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,061 sqft
  • Baths : 2 full , 1 half
Listing Agent

Drh Properties Inc

Listing Agent's Description

This is a new lot release that is close to the pool & picnic area! Come check out Chandlers newest smart home community! This 2061 sq ft home has an open concept floorplan with 3 bedrooms plus an office and 9 foot ceilings throughout. 3 car tandem garage! Kitchen is stunning with granite countertops and large kitchen island. Stainless steel appliances including fridge. Tile in all common areas! Washer/dryer included!

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
 

$302,589$369,831$336,210

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,240
Property Tax -$196
Property Insurance -$67
HOA -$230
Property Management Fees -$99
CASH FLOW
$377

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.

$336,210

PROJECTED PRICE

$2,210

PROJECTED RENT

0.66%

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

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$91,096

INVESTMENT

$91,096

Down Payment
$84,053
Rehab Estimate
$2,000
Closing Costs
$5,043

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,240

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,053
Loan Amount $252,158
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$69,892

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
  • $2,205

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9993$2,0954$2,1505$2,195
$2,195
RENT COMPS ANALYSIS
  • 1255 N Arizona Avenue #1032 Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,061 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,061 Sqft ∙ Built 2020
    property image
    • 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
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.02
    •  
  • 1255 N Arizona Avenue #1254 Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.06
    •  
  • 1255 N Arizona Avenue #1262 Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.09
    •  
  • 1255 N Arizona Avenue #1055 Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.11
    •  
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 #: 6166350
Last Updated: 12/01/2020
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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