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1438 E Chilton Drive Tempe, AZ 85283

2 Beds 2 Baths 1,556 sqft Built 1982

$379,700

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $244.02
  • 3 Days on Market
  • MLS # : 6167569
  • Updated Date : 12/04/2020 at 00:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,556 sqft
  • Baths : 2 full
Listing Agent

Pedersen Real Estate & Property Management

Listing Agent's Description

A fantastic 2 bed, 2 bath property located in Tempe is now on the market! Featuring a lovely facade with brick veneers, low maintenance landscaping, and a 2 car garage, you simply have to see it to believe it! Step inside to find a large dining & living area with vaulted ceilings, Saltillo tile, and a cozy fireplace perfect for the winter months! You'll also notice the gorgeous kitchen, equipped with ample cabinetry, granite countertops, and all the appliances you'll need for honing your cooking skills. The beautiful master bedroom will leave you speechless, with its private exit, spacious walk-in closet, and full bath which includes a dual vanity. Finally, the charming backyard boasts a covered patio, convenient storage shed, and a refreshing fenced pool! Book your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dava-Lakeshore

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Dava-Lakeshore

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9461981

* 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
Kyrene De Los Ninos College Bound Dual Language Academy Primary Regular 706 40 6
Kyrene Middle School College Preparatory Academy Middle Regular 1,056 55 6
Marcos De Niza High School High Regular 1,582 76 4

Kyrene De Los Ninos College Bound Dual Language Academy

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Middle School College Preparatory Academy

  • Education Level: Middle
  • # of students: 1,056
  • # of teachers: 55
6
GreatSchools Rating

Marcos De Niza High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 76
4
GreatSchools Rating
 

$341,730$417,670$379,700

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,401
Property Tax -$274
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$142

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.

$379,700

PROJECTED PRICE

$1,690

PROJECTED RENT

0.45%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,371

INVESTMENT

$106,371

Down Payment
$94,925
Rehab Estimate
$5,750
Closing Costs
$5,696

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,401

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,925
Loan Amount $284,775
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,167

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
  • $1,793

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,3954$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 1438 E Chilton Drive Tempe, AZ 1
    • 2 beds 2 baths ∙ 1,556 Sqft ∙ Built 1982 2 beds 2 baths ∙ 1,556 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5606 S Hurricane Court #c Tempe, AZ 2
    • 2 beds 3 baths ∙ 1,242 Sqft ∙ Built 1971 2 beds 3 baths ∙ 1,242 Sqft ∙ Built 1971
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.12
    •  
  • 5635 S Clambake Bay Court #c Tempe, AZ 3
    • 2 beds 3 baths ∙ 1,242 Sqft ∙ Built 1971 2 beds 3 baths ∙ 1,242 Sqft ∙ Built 1971
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.12
    •  
  • 7305 S Bonarden Lane Tempe, AZ 4
    • 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1986
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.21
    •  
  • 7331 S Jentilly Lane Tempe, AZ 5
    • 2 beds 2 baths ∙ 1,466 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,466 Sqft ∙ Built 1993
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.16
    •  
PROPERTY LISTING DETAILS
William Taber
Pedersen Real Estate & Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167569
Last Updated: 12/04/2020
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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