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1510 W Mcnair Street Chandler, AZ 85224

4 Beds 2 Baths 1,646 sqft Built 1981

$330,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $200.49
  • 2 Days on Market
  • MLS # : 6203420
  • Updated Date : 03/06/2021 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,646 sqft
  • Baths : 2 full
Listing Agent

Race4home Realty Llc

Listing Agent's Description

NO HOA! This 4 bedroom home has great potential. Full bath and Bedroom located off of the main floor with just a few steps down. With 2 Bedrooms upstairs and full bath. Larger bedrooms sizes.Kitchen if functional and has had improvements. Living area open with dining area. Home does need some Cosmetic TLC. Does have great floorplan. Seller is in the process of moving out and has made a few repairs that are being finished up. Home will be cleaned and yard will be cleaned up also.

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
Dobson High School High Regular 2,639 122 4

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,146
Property Tax -$187
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$189

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.

$330,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.51%

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$36,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,815

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,6953$1,7004$1,8005$1,995
$1,995
RENT COMPS ANALYSIS
  • 1510 W Mcnair Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 1,646 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,646 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.02
    •  
  • 1606 W Barrow Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1984
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.07
    •  
  • 1329 W Cortez Court Chandler, AZ 3
    • 4 beds 3 baths ∙ 1,582 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,582 Sqft ∙ Built 1986
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
  • 1806 W Straford Drive Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1980
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.17
    •  
  • 3207 N Brentwood Place Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.10
    •  
PROPERTY LISTING DETAILS
Deborah Dolezal
Race4home Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203420
Last Updated: 03/06/2021
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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