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1263 E Cindy Street Chandler, AZ 85225

3 Beds 3 Baths 1,795 sqft Built 1992

$400,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $222.84
  • 4 Days on Market
  • MLS # : 6201916
  • Updated Date : 03/12/2021 at 17:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,795 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Gorgeous 3 bedroom, 2.5 bath home located in Chandler's Spring Community! Featuring a spacious kitchen with granite countertops, stainless steel appliances, vaulted ceiling, fireplace, main level master suite with separate tub & shower and large walk-in closet. Beautifully landscape. Backyard features a private pool and spa. The Springs community includes several community lakes, a community pool, tennis & basketball courts, and community clubhouse. Minutes to the 202, Shopping, Restaurants, Downtown Chandler & much more! Make your move Today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Springs

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9201981

* 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
Willis Junior High School Middle Regular 947 51 6
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,389
Property Tax -$233
Property Insurance -$62
HOA -$98
Property Management Fees -$99
CASH FLOW
-$131

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.

$400,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,907

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,7503$1,7954$1,8005$2,095
$2,095
RENT COMPS ANALYSIS
  • 1263 E Cindy Street Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 1456 E Binner Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,637 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,637 Sqft ∙ Built 1996
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.07
    •  
  • 878 E Folley Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1994
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
  • 1471 E Dana Place Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1999
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 1413 E Saragosa Street Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2001
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.09
    •  
PROPERTY LISTING DETAILS
Dennis Reichard
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201916
Last Updated: 03/12/2021
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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