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1409 E Sheffield Avenue Chandler, AZ 85225

4 Beds 2 Baths 1,613 sqft Built 1986

$349,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $216.92
  • 5 Days on Market
  • MLS # : 6159017
  • Updated Date : 11/13/2020 at 17:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,613 sqft
  • Baths : 2 full
Listing Agent

Congress Realty, Inc.

Listing Agent's Description

This charming one-story single family Chandler homes offers 4 bedrooms, 2 bathrooms and has approximately 1613sf floor space on a 10,115sf corner cul de sac lot. This lovely ranch style home is located in the desirable Strawberry Point subdivision in The Provinces neighborhood and features vaulted ceilings, granite countertops, fireplace, skylight, outdoor fire pit, RV gate, 2 car garage low HOA and the home is situated just across from a community park in the neighborhood of biking/running paths and green belts. Minutes away from lots of dining and shopping options in booming Downtown Chandler and Downtown Gilbert. Located in the award-winning Chandler School District.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Provinces

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Provinces

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9161981

* 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
Shumway Elementary School Primary Regular 535 34 5
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Shumway Elementary School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 34
5
GreatSchools Rating

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,291
Property Tax -$204
Property Insurance -$59
HOA -$24
Property Management Fees -$99
CASH FLOW
-$36

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.

$349,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$21,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,734

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5953$1,6404$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 1409 E Sheffield Avenue Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.02
    •  
  • 1851 E Countrywalk Lane Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,502 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,502 Sqft ∙ Built 1994
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.03
    •  
  • 1690 E Countrywalk Lane Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.11
    •  
  • 737 W Sherri Drive Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1990
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.05
    •  
  • 1230 N Tower Avenue Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1991
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
PROPERTY LISTING DETAILS
Jared A English
Congress Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159017
Last Updated: 11/13/2020
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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