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1255 N Arizona Avenue #1324 Chandler, AZ 85225

3 Beds 3 Baths 1,855 sqft Built 2020

$339,990

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $183.28
  • 5 Days on Market
  • MLS # : 6183032
  • Updated Date : 01/20/2021 at 14:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,855 sqft
  • Baths : 2 full , 1 half
Listing Agent

Drh Properties Inc

Listing Agent's Description

JUST RELEASED FOR SALE! This is a new build-not a completed home. Hurry and get your pick of the best lots! Come see this Brand New, Gated ''Smart Home'' Community in the heart of Chandler, Tre Vicino! This new build floorplan has an amazing layout that features a 2 car garage, private outside courtyard and 2nd floor balcony. 9 foot ceilings! This is an end unit so it is light & bright! You walk in to find a spacious den and then move on to a great room with a gorgeous kitchen with granite countertops, kitchen island & stainless steel appliances including fridge!! Tile everywhere except bedrooms! You will also be delighted to see how big these bedrooms are & the primary bathroom & bedroom closet is enormous!

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
 

$305,991$373,989$339,990

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,181
Property Tax -$198
Property Insurance -$63
HOA -$230
Property Management Fees -$99
CASH FLOW
$269

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.

$339,990

PROJECTED PRICE

$2,040

PROJECTED RENT

0.60%

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$92,097

INVESTMENT

$92,097

Down Payment
$84,998
Rehab Estimate
$2,000
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,998
Loan Amount $254,993
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$47,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,036

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,040
1$2,0402$2,0693$2,1004$2,1505$2,195
$2,195
RENT COMPS ANALYSIS
  • 1255 N Arizona Avenue #1324 Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.10
    •  
  • 1255 N Arizona Avenue #1201 Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2019
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,069
    • $1.12
    •  
  • 1255 N Arizona Avenue #1203 Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
  • 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
    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
    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 #: 6183032
Last Updated: 01/20/2021
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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