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1708 W Cortez Circle Chandler, AZ 85224

4 Beds 2 Baths 1,646 sqft Built 1984

$389,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $236.88
  • 3 Days on Market
  • MLS # : 6190616
  • Updated Date : 02/06/2021 at 20:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,646 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Don't miss this! Pride of ownership is overflowing in this one! There can't be too much good in the world, but this house tries to challenge that notion- Culdesac lot, pool, outdoor kitchen+living space, work-shop, RV gate, toolshed, alley in back with more gate possibilities for the future! Inside are 4bedrooms, 2 bathrooms, wood-look tile and brand new carpet in 2021, new paint inside and out 2021, new windows in 2020, new pool equip/surfacing in 2020, new water softener/heater in 2019/2018, new kitchen counters 2021- simply put this is an incredible property. Put in your best offer on this one- it deserves every measure.

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PRICE & RENT TRENDS

Neighborhood: Woodglen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Woodglen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8611780

* 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
Dobson High School High Regular 2,639 122 4

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,354
Property Tax -$220
Property Insurance -$59
HOA -$7
Property Management Fees -$99
CASH FLOW
-$40

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$389,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$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$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$20,781

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
  • $1,831

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7994$1,8005$1,995
$1,995
RENT COMPS ANALYSIS
  • 1708 W Cortez Circle Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,646 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1329 W Cortez Court Chandler, AZ 2
    • 4 beds 3 baths ∙ 1,582 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,582 Sqft ∙ Built 1986
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
  • 2066 W Peralta Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.11
    •  
  • 1806 W Straford Drive Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1980
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.17
    •  
  • 3207 N Brentwood Place Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.10
    •  
PROPERTY LISTING DETAILS
Michael Mccabe
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190616
Last Updated: 02/06/2021
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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