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127 E Carob Drive Chandler, AZ 85286

3 Beds 2 Baths 1,691 sqft Built 2013

$405,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $239.50
  • 2 Days on Market
  • MLS # : 6187770
  • Updated Date : 01/31/2021 at 03:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,691 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

LOOK NO FURTHER, this well loved single family home is Located in the desirable gated community of Paseo Lindo,This beautiful home has three bedrooms with new carpet plus office/ den that can easily be converted into 4th bedroom and also features an extremely functional floorplan with high ceilings and The large kitchen has plenty of cabinet space for storage, The oversized master suite is equipped with dual vanity sinks, a tub, separate shower and large walk-in closet, Great Chandler location near Hamilton high school, shopping, and restaurants with easy access to the 202. It's a must see! Schedule to see this home before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* 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
Santan Junior High School Middle Regular 1,291 60 9
Hamilton High School High Regular 3,740 190 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,407
Property Tax -$236
Property Insurance -$60
HOA -$90
Property Management Fees -$99
CASH FLOW
-$122

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.

$405,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.44%

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) 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$15k

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$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,759

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,7704$1,7955$1,875
$1,875
RENT COMPS ANALYSIS
  • 127 E Carob Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.05
    •  
  • 3614 S Jasmine Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2012
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 3651 S Arizona Place Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2013
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 3661 S Arizona Place Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2013
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 3612 S Washington Street Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2013
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.10
    •  
PROPERTY LISTING DETAILS
Adel Gewaid
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187770
Last Updated: 01/31/2021
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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