Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1601 E Carla Vista Drive Chandler, AZ 85225

4 Beds 3 Baths 1,878 sqft Built 1994

$359,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $191.64
  • 4 Days on Market
  • MLS # : 6154415
  • Updated Date : 11/02/2020 at 15:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,878 sqft
  • Baths : 3 full
Listing Agent

Serene Living Az

Listing Agent's Description

Ideal Location, Beautiful Pool, Updates and MORE! This beautiful home offers vaulted ceilings, wood & tile floors, a spa like master bathroom updated with finishes including a beautiful frameless shower and tile. You will find spacious secondary rooms and one of the 4 FULL bedrooms and bathrooms is located on the first floor. Enjoy exceptionally low utility bills thanks to the Solar system installed plus peace of mind with the NEW HVAC replaced May 2020! AND the newer water heater is only 2 years old. There are so MANY valuable features like the double gate with RV hookups and NO HOA, A BEAUTIFUL pool with removable fence, a pergola and plenty of space to run and play. Plus the home offers plantation shutters, granite counters, Nest thermostat, Sun shades, LED lighting and more!!

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
Sanborn Elementary School Primary Regular 738 39 4
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Sanborn Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 39
4
GreatSchools Rating

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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,328
Property Tax -$210
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$30

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.

$359,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$28,261

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,747

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7304$1,7755$1,800
$1,800
RENT COMPS ANALYSIS
  • 1601 E Carla Vista Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.92
    •  
  • 442 N Velero Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1994
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 524 N Leoma Lane Chandler, AZ 2
    • 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 1994
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 1171 E Flint Street Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1991
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.93
    •  
  • 1361 E Erie Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1996
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Daniela Virani
Serene Living Az
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154415
Last Updated: 11/02/2020
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.

BESbswy