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1411 E Boston Street Chandler, AZ 85225

4 Beds 3 Baths 2,231 sqft Built 1985

$500,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $224.11
  • 3 Days on Market
  • MLS # : 6184574
  • Updated Date : 01/22/2021 at 19:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,231 sqft
  • Baths : 2 full , 1 half
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Come see this absolutely GORGEOUS waterfront property w/ 4 beds, 2.5 bath in the highly desired Springs Community. Minutes to the 202 fwy, Downtown Chandler & much more! NEW Interior/Exterior paint, Wood Plank Tile, Carpet & Fixtures throughout. This home features High vaulted ceilings, Split Floor plan, Separate formal dining & living room w/ lake views. Stunning Kitchen w/ New White Shaker Cabinetry, Quartz Counters, Stainless Steel Appliances & Cozy Breakfast nook. Adjacent family room features a newly tiled wood burning fireplace. Upstairs Master suite boasts walk-in closet & Ensuite w/dual vanity, Jacuzzi tub & custom walk-in tile shower! 3 Beds, 1.5 baths located downstairs. Enjoy the backyard retreat w/a covered patio, luscious lawn & fishing. Hurry this one wont last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Springs

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9201981

* 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
Bologna Elementary School Primary Regular 660 42 5
Willis Junior High School Middle Regular 947 51 6
Perry High School High Regular 3,194 142 7

Bologna Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 42
5
GreatSchools Rating

Willis Junior High School

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

Perry High School

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

$450,000$550,000$500,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,737
Property Tax -$291
Property Insurance -$71
HOA -$98
Property Management Fees -$99
CASH FLOW
-$356

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.

$500,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,321

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
  • $2,092

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,8504$1,9955$2,500
$2,500
RENT COMPS ANALYSIS
  • 1411 E Boston Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1553 E Oakland Street Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 1994
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 72 N Amber Court Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1994
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 311 N Brookside Street Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1994
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 1451 E Erie Street Chandler, AZ 5
    • 5 beds 3 baths ∙ 2,285 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,285 Sqft ∙ Built 1996
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.09
    •  
PROPERTY LISTING DETAILS
Elmon Krupnik
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184574
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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