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1550 W Ivanhoe Court Chandler, AZ 85224

3 Beds 2 Baths 1,646 sqft Built 1992

INVESTimate

$349,900

List Price

$1,770

$1,593 - $1,947

Rent Est.

$372,224  ( +6.38%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $212.58
  • 6 Days on Market
  • MLS # : 6117450
  • Updated Date : 08/21/2020 at 11:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,646 sqft
  • Baths : 2 full
Listing Agent

Highgarden Real Estate

Listing Agent's Description

OPEN FOR SHOWINGS STARTING 8/22/20! Great home in a Wonderful Location! Nestled in the heart of Chandler close to Whole Foods & Chandler Mall this home sits in a small cul-de-sac down from the community park. Home has Vaulted Ceilings, 3 bedrooms, 2 baths & large backyard big enough for a pool. Backyard w/Covered Patio & Fruit Trees. Kitchen w/Breakfast Bar & stainless appliances, includes refrigerator, washer & dryer. Master in the back of home w/Garden Tub, Shower & Large Walk-in Closet! Great Location! Andersen Springs Community Playground, Park & Bike/Walking Trails & only 5 minutes from Arrowhead Meadows Park & Recreation Center which has a Pool with Slides, Lap Pools, Playground, Baseball, Tennis etc.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10071869

* 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
Hartford Sylvia Encinas Elementary School Primary Regular 756 40 3
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Hartford Sylvia Encinas Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 40
3
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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,291
Property Tax -$204
Property Insurance -$59
HOA -$32
Property Management Fees -$99
CASH FLOW
$85

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.

$349,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.38%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$34,915

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,774

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7503$1,7704$1,7995$2,035
$2,035
RENT COMPS ANALYSIS
  • 1550 W Ivanhoe Court Chandler, 3
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.08
    •  
  • 825 N Cholla Street Chandler, 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1989
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
  • 1412 W Megan Street Chandler, 2
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1979
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 1570 W Ivanhoe Court Chandler, 4
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1992
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.09
    •  
  • 1275 W Ivanhoe Street Chandler, 5
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1975
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,035
    • $1.13
    •  
PROPERTY LISTING DETAILS
Heather L Smith
Highgarden Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6117450
Last Updated: 08/21/2020
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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