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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $242.83
- 3 Days on Market
- MLS # : 6187842
- Updated Date : 02/12/2021 at 18:41
CONSTRUCTION
- Beds : 2
- Floor Size : 1,359 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Don't miss this lovely home located in Chandler's Knoell East neighborhood. Pride of ownership, since 1987, is evident in this well-maintained home. Tile floors extend throughout the living room, dining, kitchen, hallways & bathrooms. This includes the insulated, heated & cooled, bonus room which could be used as an additional bedroom, office, or game room. A master with walk-in closet & en suite bathroom plus an additional guest bedroom & bathroom finish this charming home. A new kitchen range & water heater were installed Jan. 2021 to put buyer's minds at ease. Plus, a permitted 2nd carport was built to provide additional parking as well as an enormous storage room to create coveted space for tools, toys & crafts. Don't miss the virtual 3D tour of this move-in ready Chandler home!
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PRICE & RENT TRENDS
Neighborhood: Knoell East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Knoell East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$187 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$16
|
||
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.
$330,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
5.42
YEARS SAVED
$19,156
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
-
$1,593
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
1710 W Loughlin Drive Chandler, AZ 1
- 2 beds 2 baths ∙ 1,359 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,359 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1111 W Summit Place #74 Chandler, AZ 2
- 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1990
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,250
- $1.09
-
1850 W Obispo Avenue Mesa, AZ 3
- 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 1977
LEASED 09/25/19- Rent
- Rent Per SQFT
- $1,300
- $1.17
-
1111 W Summit Place #71 Chandler, AZ 4
- 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1991
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,350
- $1.18
-
1504 W Brooks Street Chandler, AZ 5
- 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1983
LEASED 09/07/19- Rent
- Rent Per SQFT
- $1,399
- $1.25
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187842
Last Updated: 02/12/2021
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.
