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1710 W Loughlin Drive Chandler, AZ 85224

2 Beds 2 Baths 1,359 sqft Built 1980

$330,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
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!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Knoell East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $99k320k

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

Neighborhood: Knoell East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8231780

* 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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

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
$0
1$02$1,2503$1,3004$1,3505$1,399
$1,399
RENT COMPS ANALYSIS
  • 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
Jobey Frank
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187842
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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