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1708 E Kaibab Drive Chandler, AZ 85249

5 Beds 4 Baths 4,461 sqft Built 2001

$625,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $140.10
  • 3 Days on Market
  • MLS # : 6170339
  • Updated Date : 12/11/2020 at 17:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,461 sqft
  • Baths : 3 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

Beautiful curb appeal with lush landscaping, 3 car garage and RV gates for this stunning 5 bed, 3.5 bath home. This home is located in the highly sought after Symphony 2 gated community. Large home office with Chalkboard barn doors and built in desks & library. Formal living & dining with vaulted ceilings. Powder room downstairs. Spacious open floor plan for the kitchen, dining and family room. The kitchen has a plethora of white cabinets, gorgeous granite counters and SS appliances. The step down family room has a built in wet bar with seating. The large loft has many possibilities! Generous sized bedrooms. The HUGE master has a sitting area, gorgeous en-suite and large walk-in closet. The serene backyard has a gazebo, built-in BBQ, outdoor fireplace and so much more! This is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Symphony Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k649k

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

Neighborhood: Symphony Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453017

* 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
Santan Elementary School Primary Regular 914 51 10
Santan Elementary School Middle Regular 914 51 10
Basha High School High Regular 2,646 125 8

Santan Elementary School

  • Education Level: Primary
  • # of students: 914
  • # of teachers: 51
10
GreatSchools Rating

Santan Elementary School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 51
10
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,306
Property Tax -$445
Property Insurance -$114
HOA -$33
Property Management Fees -$99
CASH FLOW
$173

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.

$625,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$59,840

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $3,190

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,1704$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1708 E Kaibab Drive Chandler, AZ 3
    • 5 beds 4 baths ∙ 4,461 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,461 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $0.71
    •  
  • 2065 E Crescent Place Chandler, AZ 1
    • 5 beds 4 baths ∙ 4,468 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,468 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.67
    •  
  • 1605 E Coconino Drive Chandler, AZ 2
    • 5 beds 4 baths ∙ 4,629 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,629 Sqft ∙ Built 2002
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.67
    •  
  • 4478 S Marion Place Chandler, AZ 4
    • 5 beds 4 baths ∙ 4,629 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,629 Sqft ∙ Built 2002
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.76
    •  
  • 1568 E Canyon Way Chandler, AZ 5
    • 6 beds 4 baths ∙ 4,629 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,629 Sqft ∙ Built 2003
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.76
    •  
PROPERTY LISTING DETAILS
Tyler Monsen
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170339
Last Updated: 12/11/2020
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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