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1713 W Loughlin Drive Chandler, AZ 85224

2 Beds 1 Baths 915 sqft Built 1979

$279,900

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $305.90
  • 3 Days on Market
  • MLS # : 6202546
  • Updated Date : 03/06/2021 at 00:43
CONSTRUCTION
  • Beds : 2
  • Floor Size : 915 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous home with amazing floor plan. Centrally located in Chandler with easy freeway access. NO HOA! Huge Lot with RV PARKING! for all your toys! Pride of Ownership shows with Fresh interior & exterior paint. Newer Windows. Bathroom Remodel. New Kitchen Flooring. Large covered patio and beautiful natural grass lawn. Fenced Dog Run. 10' x 12' Shed on concrete slab w/electricity!

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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$972
Property Tax -$158
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
-$85

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.

$279,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,859

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
  • $1,139

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3504$1,3995$1,400
$1,400
RENT COMPS ANALYSIS
  • 1713 W Loughlin Drive Chandler, AZ 1
    • 2 beds 1 baths ∙ 915 Sqft ∙ Built 1979 2 beds 1 baths ∙ 915 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1800 W Elliott Road #143 Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,005 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,005 Sqft ∙ Built 1985
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.29
    •  
  • 1111 W Summit Place #71 Chandler, AZ 3
    • 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 4
    • 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
    •  
  • 2100 W Lemon Tree Place #76 Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1992
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.26
    •  
PROPERTY LISTING DETAILS
David Ellison
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202546
Last Updated: 03/06/2021
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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