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1580 S Carriage Lane Chandler, AZ 85286

4 Beds 3 Baths 3,000 sqft Built 2001

$595,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $198.33
  • 1 Days on Market
  • MLS # : 6201743
  • Updated Date : 03/07/2021 at 03:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,000 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Original Chandler Owner WHO MAINTAINED IT WELL! Minutes from 101 & 202 sitting on a quiet just shy of a 1/4 acre interior lot, enjoy the lush neighborhood park with shopping and restaurants only minutes away. This beautiful Jackson Property features 4 bedrooms, 3 bathrooms, family room, LR & DR, 3 car extended side entry garage. Granite kitchen countertops with island, 42 inch cherry wood cabinets, gas fireplace in family room, built-in desk in kitchen and large walk-in pantry. Separate entrance to home could be a guest bedroom or office. The extended covered patio extends the outdoor perfect entertainment. Most recent improvements Brand New A/C furnace, gas water heater, garage door openers, gas dryer, just to name a few!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pecos Ranch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k631k

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

Neighborhood: Pecos Ranch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452670

* 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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$535,500$654,500$595,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$2,067
Property Tax -$347
Property Insurance -$86
HOA -$120
Property Management Fees -$99
CASH FLOW
-$258

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.

$595,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,460

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,4004$2,5505$2,575
$2,575
RENT COMPS ANALYSIS
  • 1580 S Carriage Lane Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1440 W Flamingo Drive Chandler, AZ 2
    • 5 beds 4 baths ∙ 2,900 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,900 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 1733 W Spruce Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 1993
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
  • 2131 W Mulberry Drive Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,949 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,949 Sqft ∙ Built 1999
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.86
    •  
  • 2169 W Wildhorse Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2001
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.82
    •  
PROPERTY LISTING DETAILS
Sally Shino
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201743
Last Updated: 03/07/2021
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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