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1723 W Loughlin Drive Chandler, AZ 85224

2 Beds 1 Baths 915 sqft Built 1979

$245,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $267.76
  • 3 Days on Market
  • MLS # : 6157300
  • Updated Date : 11/06/2020 at 14:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 915 sqft
  • Baths : 1 full
Listing Agent

West Usa Realty

Listing Agent's Description

You can't beat the location of this 2 bedroom home with NO HOA and an RV gate! The great room opens to the dining room and kitchen with stainless steel appliances. Carpet in bedrooms recently replaced. New vanity in bathroom. A/C replaced in 2016. Block wall built in 2019. Vast backyard with two storage sheds.

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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Dobson High School High Regular 2,639 122 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Dobson High School

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

$220,500$269,500$245,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$904
Property Tax -$139
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
-$87

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.

$245,000

PROJECTED PRICE

$1,100

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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,030

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
  • 1723 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
Jennifer Schaper
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157300
Last Updated: 11/06/2020
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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