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1773 W Mead Place Chandler, AZ 85248

4 Beds 3 Baths 3,533 sqft Built 1999

$989,900

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $280.19
  • 5 Days on Market
  • MLS # : 6201657
  • Updated Date : 03/04/2021 at 18:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,533 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

THIS IS IT! Formal Toll Brothers Semi Custom Model Home in an Amazing Gated LAKEFRONT Luxurious Community! CTA Independence Zone! New Paint & Move-In Ready! Large Bedroom Downstairs w/Full Bath, perfect for Office or Guest Suite! Huge Master & Bath w/Covered Balcony & 17'x11' Oversize Closet! 2 additional bedrooms w/ Jack & Jill Bath + Loft up! Gourmet Kitchen w/ Double Ovens, Custom Cabinets, Granite Counters & Island! Wet Bar + Fireplace in the Open Greatroom! Floor to Ceiling Windows for Great View! Shutters & Solid Core doors throughout! Details everywhere you look! Entertaining Outdoor living space w/ Infinity Pool & Spa + New Pump too! 3 Car Garage! New Ultra Quiet Dishwasher, Double ovens, Water heater, R.O. drinking water, A/C condenser! Simply too many upgrades to list them all!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ocotillo Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k603k

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

Neighborhood: Ocotillo Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10453281

* 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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$890,910$1,088,890$989,900

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$3,438
Property Tax -$717
Property Insurance -$96
HOA -$44
Property Management Fees -$99
CASH FLOW
-$1,125

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.

$989,900

PROJECTED PRICE

$3,270

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$268,074

INVESTMENT

$268,074

Down Payment
$247,475
Rehab Estimate
$5,750
Closing Costs
$14,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,438

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $247,475
Loan Amount $742,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$945

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
  • $3,542

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$3,5004$3,5005$4,250
$4,250
RENT COMPS ANALYSIS
  • 1773 W Mead Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,533 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,533 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1661 W Bartlett Way Chandler, AZ 2
    • 5 beds 4 baths ∙ 3,533 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,533 Sqft ∙ Built 2000
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.93
    •  
  • 1777 W Ocotillo Road #26 Chandler, AZ 3
    • 4 beds 5 baths ∙ 3,661 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,661 Sqft ∙ Built 2012
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.96
    •  
  • 940 W Yosemite Drive Chandler, AZ 4
    • 4 beds 5 baths ∙ 3,625 Sqft ∙ Built 2018 4 beds 5 baths ∙ 3,625 Sqft ∙ Built 2018
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
  • 4523 S Wildflower Place Chandler, AZ 5
    • 5 beds 3 baths ∙ 3,690 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,690 Sqft ∙ Built 2003
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.15
    •  
PROPERTY LISTING DETAILS
Henry Wang
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201657
Last Updated: 03/04/2021
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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