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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,222
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,748 |
| Loan Amount | $236,243 |
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
-
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
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167429
Last Updated: 12/04/2020
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.
