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1663 W Boston Street Chandler, AZ 85224

3 Beds 2 Baths 1,377 sqft Built 1993

$345,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $250.54
  • 5 Days on Market
  • MLS # : 6152808
  • Updated Date : 10/30/2020 at 15:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,377 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Come take a look at this remarkable single level home now available in desirable Chandler. Offering great curb appeal and desert front landscaping. Step inside this highly remodeled interior complete with 3 bed, 2 bath, vaulted ceilings, lots of natural light, neutral paint, bay windows, carpet in every bedroom, and French doors leading to Arizona room. Enjoy cooking in this lovely eat-in kitchen providing plenty counter space, honey oak cabinetry, track lighting, pantry, and stainless steel appliances. Bright master bedroom includes a perfectly sized walk-in closet and en-suite bathroom. Out the back you have an incredible paver patio with storage shed, lots of privacy, built-in BBQ, and sitting areas to enjoy your gatherings. New roof in 2015. New dual-pane energy-efficient windows 2019.

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
Conley Elementary School Primary Regular 764 43 5
Andersen Junior High School Middle Regular 924 47 6
Hamilton High School High Regular 3,740 190 8

Conley Elementary School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 43
5
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Hamilton High School

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

$310,500$379,500$345,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,273
Property Tax -$201
Property Insurance -$54
HOA -$33
Property Management Fees -$99
CASH FLOW
-$70

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.

$345,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$17,707

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
  • $1,584

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5954$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 1663 W Boston Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1531 W Cindy Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1993
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 1270 W Chicago Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1992
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.16
    •  
  • 1127 W Folley Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1994
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
  • 111 S Sean Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1991
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.23
    •  
PROPERTY LISTING DETAILS
James Thompson
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152808
Last Updated: 10/30/2020
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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