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1681 N Ellis Street Chandler, AZ 85224

4 Beds 4 Baths 2,587 sqft Built 1985

$535,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $206.80
  • 3 Days on Market
  • MLS # : 6207428
  • Updated Date : 03/19/2021 at 17:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,587 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautifully maintained home in sought after Chandler location. Perfectly situated close to community park and great proximity to the 101 and Tempe. Home features two master suites, a large balcony, and a massive yard. Buyers will appreciate the large bedrooms, tons of storage, and a huge lot for entertaining. A 3 car garage and large side yards make this a great find for someone with an RV or multiple vehicles. Designers will love the blank slate that this home provides to truly customize and make it your own. You don't want to miss this one as homes like this don't come around often.

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
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Junior High School

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

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,858
Property Tax -$312
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$246

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.

$535,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.39%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$13,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,387

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,1004$2,2955$2,350
$2,350
RENT COMPS ANALYSIS
  • 1681 N Ellis Street Chandler, AZ 3
    • 4 beds 4 baths ∙ 2,587 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,587 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
  • 1253 N Spire Court Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1994
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.91
    •  
  • 2660 W Megan Street Chandler, AZ 2
    • 5 beds 3 baths ∙ 2,443 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,443 Sqft ∙ Built 1996
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 2395 W Shannon Street Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1997
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 3380 W Baylor Lane Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1990
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.96
    •  
PROPERTY LISTING DETAILS
Lindsay M Bingham
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207428
Last Updated: 03/19/2021
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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