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1305 W Boxelder Court Chandler, AZ 85224

2 Beds 2 Baths 1,022 sqft Built 1986

$275,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $269.08
  • 4 Days on Market
  • MLS # : 6184089
  • Updated Date : 01/24/2021 at 01:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,022 sqft
  • Baths : 2 full
Listing Agent

Copper Summit Real Estate Llc

Listing Agent's Description

A home in Chandler listed under $300,000! Is it a condo? Nope; Is it a townhome with a very high HOA fee? Nope; it must be in a remote, inconvenient location! Nope. This charming home is your chance to own a single family detached home in great community on a cul-de-sac located between the 101 freeway and I-10, close to the 60, with parks and other amenities nearby. Brand new a/c unit will keep you cool as you enjoy the efficient kitchen with eat-in area, nice size great room off the kitchen, two good sized bedrooms and 2 baths. The paver and grass backyard offers more opportunities to enjoy the Arizona lifestyle with low maintenance and a relaxing vibe. Newer flooring includes luxury vinyl throughout with newer carpet in the bedrooms. The homes interior has been recently painted and the

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crystal Bay Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $98k320k

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

Neighborhood: Crystal Bay Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8221780

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Dobson High School High Regular 2,639 122 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$955
Property Tax -$156
Property Insurance -$47
HOA -$40
Property Management Fees -$99
CASH FLOW
-$87

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$9,967

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,201

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,3004$1,3505$1,500
$1,500
RENT COMPS ANALYSIS
  • 1305 W Boxelder Court Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,022 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,022 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1111 W Summit Place #74 Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1990
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.09
    •  
  • 1850 W Obispo Avenue Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1977
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.17
    •  
  • 1111 W Summit Place #71 Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1991
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.18
    •  
  • 923 W Boxelder Place Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 1984
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.26
    •  
PROPERTY LISTING DETAILS
Sharyn Younger
Copper Summit Real Estate Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184089
Last Updated: 01/24/2021
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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