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1456 W Flamingo Drive Chandler, AZ 85286

3 Beds 3 Baths 2,294 sqft Built 2005

$412,500

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $179.82
  • 3 Days on Market
  • MLS # : 6147141
  • Updated Date : 11/02/2020 at 09:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,294 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This updated 3 bedroom & 2.5 bath, Craftsmen style home, has new paint & new carpet. Enter to a spacious floor plan with soaring ceilings. The Great Room opens to kitchen, family & dining room. Stainless steel appliances w/gas cook top plus kitchen island is perfect for entertaining. Your office/den is off the entry. There is a bonus area at the top of the stairs that is perfect for a playroom, crafts or studying. Large master retreat has great views and no homes behind, double sinks, separate shower & bath plus a large walk-in closet. 4 CAR Tandem Garage - Perfect for a Car collector, workout area or home business. Minutes from the 101 & 202 freeways for a great commutes. This is a true neighborhood and award winning schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Tarwater Elementary School Primary Regular 857 45 9
Tarwater Elementary School Middle Regular 857 45 9
Hamilton High School High Regular 3,740 190 8

Tarwater Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Tarwater Elementary School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$371,250$453,750$412,500

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,522
Property Tax -$240
Property Insurance -$72
HOA -$66
Property Management Fees -$99
CASH FLOW
$441

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.

$412,500

PROJECTED PRICE

$2,440

PROJECTED RENT

0.59%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$115,063

INVESTMENT

$115,063

Down Payment
$103,125
Rehab Estimate
$5,750
Closing Costs
$6,188

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,522

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,125
Loan Amount $309,375
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$79,433

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
  • $2,449

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2493$2,3954$2,4005$2,414
$2,414
RENT COMPS ANALYSIS
  • 1456 W Flamingo Drive Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1821 S Brentwood Place Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $1.02
    •  
  • 1802 S Pennington Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.09
    •  
  • 1942 S Sycamore Place Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2016
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.11
    •  
  • 1421 W Pelican Court Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2005
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,414
    • $1.05
    •  
PROPERTY LISTING DETAILS
Brian Q Everroad
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6147141
Last Updated: 11/02/2020
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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