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157 W Linda Lane Chandler, AZ 85225

4 Beds 2 Baths 1,743 sqft Built 1958

$314,990

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $180.72
  • 3 Days on Market
  • MLS # : 6167429
  • Updated Date : 12/04/2020 at 09:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,743 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

The best location in Chandler, steps from downtown, is now available for you! This wonderful single level home gives you an easy care gravel front landscaping, slab parking, and 1 car garage. The welcoming interior is complete with 4 bed, 2 bath, picture windows that bring in abundant natural light, and neutral paint. Spotless eat-in kitchen is a cook's delight offering plenty of counter space, recessed lighting, maple cabinetry, pantry, and sparkling stainless steel appliances! An enormous room to finish just off the kitchen to make your own family room or game room. Inside the unique rear master bedroom you will find a perfectly sized closet and a lavish bathroom with glass door shower. The backyard has a covered patio, storage shed, RV gate and so much space to make it your own.

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
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
 

$283,491$346,489$314,990

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,162
Property Tax -$183
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$64

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.

$314,990

PROJECTED PRICE

$1,570

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,222

INVESTMENT

$89,222

Down Payment
$78,748
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,748
Loan Amount $236,243
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$28,559

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,656

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4953$1,5704$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 157 W Linda Lane Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.90
    •  
  • 891 N Dakota Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1958
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
  • 551 W Gail Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1971
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.91
    •  
  • 428 W Dublin Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1962
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
  • 966 N Dakota Street Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1958
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
PROPERTY LISTING DETAILS
Joseph A Elia
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167429
Last Updated: 12/04/2020
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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