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1701 W Jupiter Way Chandler, AZ 85224

4 Beds 2 Baths 1,818 sqft Built 1993

$429,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $236.47
  • 5 Days on Market
  • MLS # : 6192079
  • Updated Date : 02/12/2021 at 16:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,818 sqft
  • Baths : 2 full
Listing Agent

Opportunity 2 Own Real Estate

Listing Agent's Description

Location, Location, Location!!!! Come fall in love with this turn-key, single level, 4 bedroom 2 bath home in the Heart of Chandler. Nestled in a quiet community, backing up to a fenced retention which means NO BACK NEIGHBORS! Close to Chandler Regional hospital, Chandler Mall with lots of shopping & dining, & part of the Chandler School District. This home features much more than just it's spacious open floorpan with vaulted ceilings, granite countertops, updated appliances, dual door convection range/oven, reversed osmosis, owned water softener (less than 2 yrs old), new water heater (less than 1yr old), Nest thermostat, Nest camera, & Ring doorbell. With extended driveway parking, Rv gate, & new exterior paint this home is ready for move in. Its a MUST SEE & definitely won't last long!

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
Hamilton High School High Regular 3,740 190 8

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
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,493
Property Tax -$250
Property Insurance -$63
HOA -$33
Property Management Fees -$99
CASH FLOW
-$138

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.

$429,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.42%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,990

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
  • $1,909

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,9504$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 1701 W Jupiter Way Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1342 W Cindy Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1992
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
  • 1401 W Camino Court Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 1990
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
  • 1220 W Chicago Street Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1992
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 1300 W Boston Street Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1991
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Stacie Clark
Opportunity 2 Own Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192079
Last Updated: 02/12/2021
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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