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1556 E Laredo Street Chandler, AZ 85225

4 Beds 3 Baths 2,321 sqft Built 1998

$478,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $205.95
  • 2 Days on Market
  • MLS # : 6209820
  • Updated Date : 03/20/2021 at 00:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,321 sqft
  • Baths : 3 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Great opportunity to own a Fulton home in the heart of Chandler!! Corner lot with beautiful pool! Well built 4 bedrooms/3 bathrooms with nice floor plan. Vaulted ceilings throughout. Formal living and dining room with skylights. 3 car garage with built in cabinets and an RV gate for all your toys. Lots of potentials.

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
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Chandler High School

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

$430,200$525,800$478,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,660
Property Tax -$278
Property Insurance -$72
HOA -$64
Property Management Fees -$99
CASH FLOW
-$214

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.

$478,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.41%

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,420

INVESTMENT

$132,420

Down Payment
$119,500
Rehab Estimate
$5,750
Closing Costs
$7,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,500
Loan Amount $358,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,607

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,990

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9603$1,9954$2,0005$2,250
$2,250
RENT COMPS ANALYSIS
  • 1556 E Laredo Street Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.84
    •  
  • 331 N Brookside Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1994
    LEASED 08/01/06
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 311 N Brookside Street Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1994
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 310 N Eucalyptus Place Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2001
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 2091 E Detroit Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2002
    LEASED 03/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.92
    •  
PROPERTY LISTING DETAILS
Chun Crouse
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209820
Last Updated: 03/20/2021
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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