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1704 W Macaw Drive Chandler, AZ 85286

4 Beds 2 Baths 1,833 sqft Built 1998

$450,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $245.50
  • 3 Days on Market
  • MLS # : 6192113
  • Updated Date : 02/12/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,833 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Located in the desired Clemente Ranch community, this 4 bedroom, 2 bath home is close to schools, great dining and quick freeway access. Well cared for with vaulted ceilings and and open floor plan. The kitchen offers a large island and breakfast bar, recessed lighting,granite countertops, glass tile backsplash, tons of resurfaced, soft close cabinet space, and stainless steel appliances. The large owner's suite boasts a double door entry, bay window sitting area, dual sink vanity, beautiful ceramic tiled shower, and large walk-in closet. The hall bath also has a dual sink vanity. The covered back patio looking out to the gorgeous pebbletech pool is perfect for an outdoor living space. The backyard is an oasis. Don't miss this one, it's not going to last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,563
Property Tax -$262
Property Insurance -$63
HOA -$20
Property Management Fees -$99
CASH FLOW
-$147

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.

$450,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,610

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,847

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7953$1,8504$1,8605$1,995
$1,995
RENT COMPS ANALYSIS
  • 1704 W Macaw Drive Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.01
    •  
  • 1622 W Sparrow Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1998
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 1488 W Lark Drive Chandler, AZ 2
    • 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 1701 W Kingbird Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 1695 W Macaw Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1997
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.09
    •  
PROPERTY LISTING DETAILS
Fred P Weaver Iv
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192113
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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