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1267 E Chicago Circle Chandler, AZ 85225

3 Beds 3 Baths 2,070 sqft Built 1992

$575,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $277.78
  • 6 Days on Market
  • MLS # : 6210727
  • Updated Date : 03/25/2021 at 16:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,070 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

MUST SEE, Pontoon included!! This gem won't last! This gorgeous waterfront home offers 3 beds, 2.5 baths, easy-care landscaping, & a 2 car garage plus slab. Inside, you will find a nice sized living & dining area, large family room w/ fireplace, warm neutral paint for a cozy interior, vaulted ceilings that add to the airy feel, loft fit for a study area, carpet in all the right places, & big windows for tons of natural light. Spotless kitchen boasts high-end appliances, ample cabinetry, granite tile countertops, & a charming breakfast room. Master has a mirror sliding door closet, private bathroom w/ all the must-haves & access to the balcony where you can have a morning coffee. Enjoy relaxing in your serene backyard w/ covered patio & seating areas while admiring the delightful lakeview!

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
 

$517,500$632,500$575,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,997
Property Tax -$335
Property Insurance -$68
HOA -$98
Property Management Fees -$99
CASH FLOW
-$707

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.

$575,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.33%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$267

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,065

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8003$1,8904$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 1267 E Chicago Circle Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.91
    •  
  • 1171 E Flint Street Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1991
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.93
    •  
  • 1361 E Erie Street Chandler, AZ 2
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1996
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 1413 E Saragosa Street Chandler, AZ 4
    • 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
    •  
  • 150 N Lakeview Boulevard #2 Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2006
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
PROPERTY LISTING DETAILS
Tyler Blair
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210727
Last Updated: 03/25/2021
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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