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1548 E Westchester Drive Chandler, AZ 85249

2 Beds 2 Baths 1,304 sqft Built 1994

$279,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $213.96
  • 4 Days on Market
  • MLS # : 6198938
  • Updated Date : 02/26/2021 at 01:18
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,304 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Wonderful home in the guard gated Chandler golf community of Sunbird! The floorplan consists of a GREAT room with a fireplace, a dining area, a master bedroom with an ensuite bathroom and walk-in closet and a second bedroom which has been used as a DEN but would be an easy conversion to a second bedroom. The interior has been freshly painted and new carpeting installed in 2/21. An ideal north/south facing interior lot which has mature citrus in the backyard.This 55+ community has FABULOUS RESORT amenities including a golf course, heated community pool & spa, tennis and pickle ball courts, a clubhouse and so much more! Solar panels are leased.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunbird Golf Resort

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k320k

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

Neighborhood: Sunbird Golf Resort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7781780

* 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
Santan Junior High School Middle Regular 1,291 60 9
Basha High School High Regular 2,646 125 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$969
Property Tax -$199
Property Insurance -$53
HOA -$15
Property Management Fees -$99
CASH FLOW
$486

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.

$279,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$61,814

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $1,813

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4003$1,4254$1,5005$1,820
$1,820
RENT COMPS ANALYSIS
  • 1548 E Westchester Drive Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,304 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,304 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.40
    •  
  • 1677 E Lindrick Drive Chandler, AZ 1
    • 2 beds 2 baths ∙ 985 Sqft ∙ Built 1998 2 beds 2 baths ∙ 985 Sqft ∙ Built 1998
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.27
    •  
  • 1800 E Westchester Drive Chandler, AZ 2
    • 2 beds 2 baths ∙ 969 Sqft ∙ Built 1995 2 beds 2 baths ∙ 969 Sqft ∙ Built 1995
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.44
    •  
  • 1841 E Kerby Farms Road Chandler, AZ 3
    • 2 beds 2 baths ∙ 974 Sqft ∙ Built 1996 2 beds 2 baths ∙ 974 Sqft ∙ Built 1996
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.46
    •  
  • 1702 E Palm Beach Drive Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,083 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,083 Sqft ∙ Built 1997
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.39
    •  
PROPERTY LISTING DETAILS
Deborah Rivers
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198938
Last Updated: 02/26/2021
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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