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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $166.04
- 5 Days on Market
- MLS # : 6183212
- Updated Date : 01/20/2021 at 21:10
CONSTRUCTION
- Beds : 3
- Floor Size : 2,061 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 3 car tandem garage, private outside courtyard and 2nd floor balcony off the dining area for indoor/outdoor living. 9 foot ceilings! HUGE 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! washer/dryer and 2'' white wood faux blinds included!
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PRICE & RENT TRENDS
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,189 |
| Property Tax | -$199 | |
| Property Insurance | -$67 | |
| HOA | -$230 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$406
|
||
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.
$342,215
PROJECTED PRICE
$2,190
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$92,687
LOAN DETAILS
$1,189
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,554 |
| Loan Amount | $256,661 |
11.5
YEARS SAVED
$62,672
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,185
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
1255 N Arizona Avenue #1341 Chandler, AZ 1
- 3 beds 3 baths ∙ 2,061 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,061 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 #1276 Chandler, AZ 3
- 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 2020
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.02
-
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
Drh Properties Inc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183212
Last Updated: 01/20/2021
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.
