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1531 S Arrowhead Drive Chandler, AZ 85286

3 Beds 3 Baths 2,321 sqft Built 1997

$449,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $193.84
  • 3 Days on Market
  • MLS # : 6165254
  • Updated Date : 11/27/2020 at 11:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,321 sqft
  • Baths : 3 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single story home in Vineyards of Chandler! This home has been refreshed with new interior paint and new flooring throughout. A den and full bathroom just off the foyer, just beyond is a spacious open living room. At the back of the home is a family room open to the kitchen/dining. The kitchen features new granite countertops and new stainless steel appliances. Split bedroom floorplan for added privacy. The spacious primary bedroom has a full ensuite bathroom with dual sinks, separate shower and tub, and a walk in closet. The backyard has a covered patio extended with pavers and a large grass area, great for pets. Vacant and ready for viewing, come see!

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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

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

$404,910$494,890$449,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,660
Property Tax -$262
Property Insurance -$72
HOA -$13
Property Management Fees -$99
CASH FLOW
-$107

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.

$449,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.44%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$21,993

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,106

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1504$2,1955$2,199
$2,199
RENT COMPS ANALYSIS
  • 1531 S Arrowhead Drive Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,321 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,321 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 1674 W Gunstock Loop Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 1992
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 1842 W Thompson Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1998
    property image
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 1610 S Sycamore Place Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 1991
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
  • 1632 W Homestead Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2011
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.93
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165254
Last Updated: 11/27/2020
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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