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1533 N Apache Drive Chandler, AZ 85224

3 Beds 3 Baths 1,783 sqft Built 1986

$398,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $223.22
  • 2 Days on Market
  • MLS # : 6176327
  • Updated Date : 01/02/2021 at 14:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,783 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Location! Location! Location! 2 miles to 101, 4 miles to 202, 4 miles to 60! This home features 3 Bdrm, 2.5 Ba, 2 car garage, charming curb appeal & an Oversized Corner Lot! Outside/inside has recently been painted. Newer AC, Spacious master retreat has new carpet, walk-in closet, sitting area, window reading nook & bath w/ tiled dual sinks. Ample kitchen is equipped w/ stainless steel appliances, granite countertops and tile backsplash. Stunning kitchen cabinets with breakfast bar. Enjoy the window over your kitchen sink. Fantastic interior boasts formal living room with fireplace & high vaulted ceilings, new flooring 1st floor, family room with sliding doors to side patio.Half Bath conveniently located on main level. fireplace and big windows looking into your oversized backyard lot

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
Andersen Elementary School Primary Regular 652 31 4
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 31
4
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$358,200$437,800$398,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,468
Property Tax -$232
Property Insurance -$62
HOA -$38
Property Management Fees -$99
CASH FLOW
-$149

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.

$398,000

PROJECTED PRICE

$1,750

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,220

INVESTMENT

$111,220

Down Payment
$99,500
Rehab Estimate
$5,750
Closing Costs
$5,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,468

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,500
Loan Amount $298,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,953

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,756

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5253$1,7504$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1533 N Apache Drive Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
  • 1241 N Central Court Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1992
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 1623 N Comanche Drive Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1984
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.91
    •  
  • 1022 W Estrella Drive Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1985
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.07
    •  
  • 1180 W Gary Court Chandler, AZ 5
    • 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1993
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
PROPERTY LISTING DETAILS
Nuvia Zepeda
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176327
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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