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128 E Bluejay Drive Chandler, AZ 85286

3 Beds 2 Baths 1,621 sqft Built 2016

$410,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $252.93
  • 3 Days on Market
  • MLS # : 6184384
  • Updated Date : 01/22/2021 at 18:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,621 sqft
  • Baths : 2 full
Listing Agent

Venture Rei, Llc

Listing Agent's Description

This stunning single-story home is located in a very desirable community minutes from Downtown Chandler. The home features a large open concept floor plan with 8-ft. ceilings, & split floor plan. The gourmet kitchen offers beautiful finishes, including staggered raised-panel white cabinets, granite countertops, an undermount sink, black appliances, gas stove and a double oven. The master bath features finished with executive-height cabinets, granite countertops and framed vanity mirrors, double vanity sinks, and a walk-in closet for storage. The patio out back features a covered patio, and travertine flooring. It will quickly become your favorite place to enjoy a morning cup of coffee. This Chandler home is wonderfully located in a nice neighborhood with a park and community pool!

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
Hancock Elementary School Primary Regular 863 43 8
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Hancock Elementary School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 43
8
GreatSchools Rating

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$369,000$451,000$410,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,424
Property Tax -$239
Property Insurance -$59
HOA -$107
Property Management Fees -$99
CASH FLOW
-$98

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.

$410,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.45%

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$14,922

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,828

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8304$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 128 E Bluejay Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.13
    •  
  • 132 W Raven Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 2001
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 157 E Bluejay Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 2017
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.22
    •  
  • 3554 S Jasmine Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2013
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.10
    •  
  • 239 E Desert Broom Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2018
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.17
    •  
PROPERTY LISTING DETAILS
Frank Vazquez
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184384
Last Updated: 01/22/2021
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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