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1355 E Aloe Drive Chandler, AZ 85286

4 Beds 2 Baths 2,126 sqft Built 2004

$488,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $229.54
  • 5 Days on Market
  • MLS # : 6177639
  • Updated Date : 01/07/2021 at 21:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,126 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

This beautiful ranch style home located in the premier subdivision of Lantana Ranch is a split master, 4 bd/2 ba floor plan and centered around an open kitchen & great room looking out to the large backyard with a private pool. Backyard is equipped with a new 2-inch gas line and ready for a future pool heater/fire pit expansion. Front and back patios are covered with vinyl beaded ceilings. Beautiful curb appeal with a 3-car garage, large driveway, and RV gate. Must see this one to appreciate!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lantana Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k380k

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

Neighborhood: Lantana Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451997

* 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
Basha Elementary School Primary Regular 758 42 8
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Basha Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Santan Junior High School

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

Perry High School

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

$439,200$536,800$488,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,695
Property Tax -$347
Property Insurance -$69
HOA -$68
Property Management Fees -$99
CASH FLOW
-$38

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.

$488,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$135,070

INVESTMENT

$135,070

Down Payment
$122,000
Rehab Estimate
$5,750
Closing Costs
$7,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,000
Loan Amount $366,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$23,317

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
  • $2,068

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9954$2,1505$2,195
$2,195
RENT COMPS ANALYSIS
  • 1355 E Aloe Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1430 E Redwood Drive Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 2003
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 1585 E Aloe Place Chandler, AZ 3
    • 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 2002
    property image
    LEASED 12/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 3855 S Mcqueen Road #70 Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.04
    •  
  • 3855 S Mcqueen Road #63 Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.07
    •  
PROPERTY LISTING DETAILS
Carole Hewitt
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177639
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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