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1507 E Robinson Way Chandler, AZ 85225

4 Beds 2 Baths 2,112 sqft Built 1997

$385,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $182.29
  • 5 Days on Market
  • MLS # : 6153695
  • Updated Date : 10/29/2020 at 20:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,112 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

CHARMING 4-bedroom, 2-bathroom single story home with 2 car garage in the highly desirable Chandler community of Ashley Park. Spacious interior features vaulted ceilings, formal living and dining room in addition to great family room. Large kitchen includes staggered cabinetry with eat in island, new range and dishwasher, microwave and refrigerator included, large pantry and plenty of countertop space. Master retreat features bay window, full bath with separate tub and shower, double sinks and a spacious walk-in closet. Enjoy your peaceful patio with grass backyard, private homesite with only single-story homes adjacent, north south exposure and RV gate. Pleasant and quiet community for walking with lots of green spaces and community park featuring kids play area and basketball court

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

* 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
Sanborn Elementary School Primary Regular 738 39 4
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Sanborn Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 39
4
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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,420
Property Tax -$224
Property Insurance -$68
HOA -$58
Property Management Fees -$99
CASH FLOW
$40

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.

$385,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.50%

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

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$30,100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,038

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9103$1,9954$2,1455$2,150
$2,150
RENT COMPS ANALYSIS
  • 1507 E Robinson Way Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.90
    •  
  • 1553 E Oakland Street Chandler, AZ 1
    • 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
    •  
  • 311 N Brookside Street Chandler, AZ 3
    • 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
    •  
  • 1551 E Shannon Street Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 1997
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $1.04
    •  
  • 1607 E Harrison Street Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1997
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.02
    •  
PROPERTY LISTING DETAILS
David Morones
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153695
Last Updated: 10/29/2020
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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