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1579 E Tara Court Chandler, AZ 85225

4 Beds 2 Baths 1,729 sqft Built 1988

$399,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $230.77
  • 2 Days on Market
  • MLS # : 6157824
  • Updated Date : 11/07/2020 at 16:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,729 sqft
  • Baths : 2 full
Listing Agent

Posh Properties

Listing Agent's Description

Your dream home awaits. Stunning, remodeled, cul-de-sac home, nestled into desirable Chandler Ranch. Pristine curb appeal with a spacious ,air conditioned, 3 car garage, and RV gate. Light and bright modern interior featuring vaulted ceilings, wood tile flooring, newer decorator light fixtures, and an open floorplan. Brand new Kitchen boasts stainless steel appliances, gorgeous tile backsplash, quartz countertops, and beautiful gray cabinetry. Lovely master suite; including dual sinks and walk in closet. Step out onto the beautiful extended length covered patio, complete with bistro lighting, and enjoy the grassy backyard. New patio and flat roof in Oct. 2020. Great location, easy access to shopping, dining, schools, parks, freeways, downtown Chandler and downtown Gilbert!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $117k358k

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

Neighborhood: Chandler Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8951981

* 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
Bologna Elementary School Primary Regular 660 42 5
Willis Junior High School Middle Regular 947 51 6
Perry High School High Regular 3,194 142 7

Bologna Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 42
5
GreatSchools Rating

Willis Junior High School

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

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,472
Property Tax -$232
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$204

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.

$399,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.8%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$11,710

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,759

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,6953$1,7254$1,8005$2,095
$2,095
RENT COMPS ANALYSIS
  • 1579 E Tara Court Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.96
    •  
  • 1986 E Browning Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 2003
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
  • 1591 E Elgin Street Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 1988
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.00
    •  
  • 1471 E Dana Place Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1999
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 1413 E Saragosa Street Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2001
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.09
    •  
PROPERTY LISTING DETAILS
Nicole Cline Mccabe
Posh Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157824
Last Updated: 11/07/2020
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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