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1760 W Flamingo Drive Chandler, AZ 85286

3 Beds 2 Baths 1,513 sqft Built 2012

$386,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $255.12
  • 2 Days on Market
  • MLS # : 6176288
  • Updated Date : 01/02/2021 at 18:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,513 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful Home in Stonefield - 3 bdrm/2bath single level floor plan rarely comes available. The split master bedroom offers a full bath, withwith separate tub and shower, double sinks and walk-in closet. Upgraded kitchen includes granite counter tops, breakfast bar, abundant cabinets, eat in kitchen, tile flooring in all the right places. Low maintenance front and back yard. Community Pool land Playground, Close to Schools, Restaurants, Chandler Mall, Golf Courses, Hi Tech Corporate Centers, the 101 and 202.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonefield

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k463k

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

Neighborhood: Stonefield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452089

* 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
Tarwater Elementary School Primary Regular 857 45 9
Tarwater Elementary School Middle Regular 857 45 9
Hamilton High School High Regular 3,740 190 8

Tarwater Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Tarwater Elementary School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$347,400$424,600$386,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,424
Property Tax -$225
Property Insurance -$57
HOA -$23
Property Management Fees -$99
CASH FLOW
-$38

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.

$386,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$108,040

INVESTMENT

$108,040

Down Payment
$96,500
Rehab Estimate
$5,750
Closing Costs
$5,790

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,500
Loan Amount $289,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$23,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,789

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8503$1,8504$1,8995$1,950
$1,950
RENT COMPS ANALYSIS
  • 1760 W Flamingo Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.18
    •  
  • 1774 W Pelican Drive Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2011
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.19
    •  
  • 1365 W Musket Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.14
    •  
  • 1712 W Sparrow Drive N Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1998
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.23
    •  
  • 1552 W Marlin Drive Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2017
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.17
    •  
PROPERTY LISTING DETAILS
Barbara Tillis Tietz
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176288
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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