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1731 E Linda Lane Chandler, AZ 85225

4 Beds 3 Baths 2,303 sqft Built 1998

$549,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $238.78
  • 3 Days on Market
  • MLS # : 6202789
  • Updated Date : 03/06/2021 at 02:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,303 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

Incredible single story home in the desirable Ashely Park community. Awesome open concept home complete with 4 bedrooms/ 3 baths (one of the beds and bath is detached with private entry). Perfect vaulted ceilings, tile flooring and plantation shutters greet you as you step into this stunning home beaming with pride of ownership. Stylish kitchen boasts ss appliances, tile backsplash, granite countertops, beautiful cabinetry and a large center island with breakfast bar seating, making it ideal for gathering for all occasions. Spa like master retreat includes en suite with granite dual sinks, soaking tub and separate glass framed shower. The amazing outdoor entertaining area is complete with covered patio, fire pit, outdoor kitchen, built in BBQ and a sparking pool. Top This gem of with

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashley Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k421k

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

Neighborhood: Ashley Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,910
Property Tax -$320
Property Insurance -$72
HOA -$64
Property Management Fees -$99
CASH FLOW
-$465

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$549,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,639

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,000

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,090

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,9953$2,0004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 1731 E Linda Lane Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 1115 S Tiago Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 1993
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.84
    •  
  • 311 N Brookside Street Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1994
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 1420 W Sherri Drive Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 1989
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 351 N Cottonwood Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2004
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lissette Lent
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202789
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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