Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1524 W Comstock Drive Chandler, AZ 85224

3 Beds 2 Baths 1,574 sqft Built 1979

$409,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $260.42
  • 2 Days on Market
  • MLS # : 6206902
  • Updated Date : 03/13/2021 at 14:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,574 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

Fantastic single level home in highly desirable Chandler is looking for its new homeowners. This house is ready for you to move in. Entire living area has easy maintenance wood like floor & bedrooms have light brown carpet which looks stylish w/the neutral paint walls. Inside you'll find a sought after open concept floor plan w/living room, dining area & kitchen all easily accessible for entertaining your family & friends, 3 spacious bedrooms, & 2 gorgeous bathrooms. Solid surface countertops, shaker cabinets, tile backsplash and an island w/breakfast bar complete the kitchen space. The adorable master suite features en-suite bath with his & her sinks ideal for couples. The backyard is large, perfect for a pool if you like. Don't miss out on this beautiful home. Book an appointment today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Knoell East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $99k320k

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

Neighborhood: Knoell East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8231780

* 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
 

$368,910$450,890$409,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,424
Property Tax -$232
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$162

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$409,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$15k

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$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,008

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
  • $1,814

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,6954$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 1524 W Comstock Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3117 N Pennington Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1979
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.17
    •  
  • 1606 W Barrow Drive Chandler, AZ 3
    • 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
    •  
  • 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
    •  
  • 1704 W Barrow Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1984
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.20
    •  
PROPERTY LISTING DETAILS
Brian Kingdeski
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206902
Last Updated: 03/13/2021
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.

BESbswy