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1255 W Tulsa Street S Chandler, AZ 85224

3 Beds 2 Baths 1,278 sqft Built 1973

INVESTimate

$258,900

List Price

$1,420

$1,278 - $1,562

Rent Est.

$286,136  ( +10.52%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $202.58
  • 5 Days on Market
  • MLS # : 6121092
  • Updated Date : 08/23/2020 at 14:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,278 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Look at this Charming Property in Chandler! This 3 Bedroom, 2 Bath Home offers Low Maintenance Landscaping, a Carport with Parking for 1 Car and/or a Small Boat or Trailer. Inside you will find Formal Living Room, a Simple Kitchen ,Master Bedroom with attached Private Bath. Nice sized Backyard City of Chandler Arrowhead Community Pool & Arrowhead Meadows Little League Park within walking distance! Bike to Floridino's or Los Favoritos Taco Shop! Call today & schedule a Private Showing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k320k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Arrowhead Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7991780

* 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
San Marcos Elementary School Primary Regular 532 34 5
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

San Marcos Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 34
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
 

$233,010$284,790$258,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$955
Property Tax -$151
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
$163

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.

$258,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.52%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,359

INVESTMENT

$74,359

Down Payment
$64,725
Rehab Estimate
$5,750
Closing Costs
$3,884

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,725
Loan Amount $194,175
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$36,702

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,521

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4203$1,4954$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 1255 W Tulsa Street S Chandler, 2
    • 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.11
    •  
  • 770 W Carla Vista Drive Chandler, 1
    • 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1956
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.23
    •  
  • 1330 W Gary Drive Chandler, 3
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1993
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.14
    •  
  • 1270 W Chicago Street Chandler, 4
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1992
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.16
    •  
  • 111 S Sean Drive Chandler, 5
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1991
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.23
    •  
PROPERTY LISTING DETAILS
Rossie Halpert
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121092
Last Updated: 08/23/2020
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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