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

1660 S Jay Place Chandler, AZ 85286

3 Beds 3 Baths 3,426 sqft Built 2001

$860,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $251.02
  • 17 Days on Market
  • MLS # : 6167678
  • Updated Date : 12/18/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,426 sqft
  • Baths : 3 full
Listing Agent

Sundance Properties

Listing Agent's Description

Wait until you see this beautiful custom home tucked away in the exclusive, gated Eden Estates! Prepare yourself for the SWIM UP POOL BAR with an outdoor kitchen which includes a Viking grill where you can host big celebrations, or a quieter time with your closest friends and family. The house has a wonderful, classic feel with a grand entry, arches and columns. There is a gourmet kitchen with stainless steel Viking appliances, including a commercial style gas range with a pot filler! The private main bedroom suite has direct access to the pool, a fireplace, dual closets, a bathroom with dual sinks and a spa tub. Almost every room in the house has direct access to the backyard. Large corner lot. Make sure you take a look at the video! You will want to see this special home in person!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eden Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $109k873k

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

Neighborhood: Eden Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182867

* 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
Hancock Elementary School Primary Regular 863 43 8
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Hancock Elementary School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 43
8
GreatSchools Rating

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
 

$774,000$946,000$860,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$3,173
Property Tax -$517
Property Insurance -$94
HOA -$34
Property Management Fees -$99
CASH FLOW
-$1,197

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$860,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$233,650

INVESTMENT

$233,650

Down Payment
$215,000
Rehab Estimate
$5,750
Closing Costs
$12,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $215,000
Loan Amount $645,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$339

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
  • $3,049

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$2,8504$2,9005$3,100
$3,100
RENT COMPS ANALYSIS
  • 1660 S Jay Place Chandler, AZ 1
    • 3 beds 3 baths ∙ 3,426 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,426 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1090 W Longhorn Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.84
    •  
  • 1135 W Mulberry Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.87
    •  
  • 860 W Macaw Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,242 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,242 Sqft ∙ Built 2003
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.89
    •  
  • 2274 S Beverly Place Chandler, AZ 5
    • 4 beds 3 baths ∙ 3,242 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,242 Sqft ∙ Built 2003
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kelly Wight
Sundance Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167678
Last Updated: 12/18/2020
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