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1805 E Chanute Pass Phoenix, AZ 85040

3 Beds 2 Baths 1,503 sqft Built 2017

$340,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $226.21
  • 3 Days on Market
  • MLS # : 6183921
  • Updated Date : 01/22/2021 at 16:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,503 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

The perfect move-in ready just came available. This single level 3 bedroom and 2 bathroom home in the Santiago Subdivision is perfect for entertaining due to its wide open concept floor plan and spacious backyard. Builder upgrades include wonderful wood flooring, granite countertops, Stainless Steel appliances, and Paver Patio and walkway. The impressive master suite boasts a large walk-in closet and a comfort height dual vanity. You'll love the convenient location just minutes from Downtown Phoenix, Sky Harbor Airport, and South Mountain hiking & trails.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
T.g. Barr School Primary Regular 516 29 2
T.g. Barr School Middle Regular 516 29 2
South Mountain High School High Regular 1,706 102 2

T.g. Barr School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

T.g. Barr School

  • Education Level: Middle
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,181
Property Tax -$221
Property Insurance -$57
HOA -$88
Property Management Fees -$99
CASH FLOW
-$265

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.

$340,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,356

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,249
1$1,2492$1,3803$1,3954$1,4495$1,675
$1,675
RENT COMPS ANALYSIS
  • 1805 E Chanute Pass Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.92
    •  
  • 2222 E Saint Anne Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 2008
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.90
    •  
  • 1934 E Pueblo Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 2008
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 1455 E Bloch Road Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 2003
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.92
    •  
  • 1712 E Grove Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.93
    •  
PROPERTY LISTING DETAILS
Dirk Fink
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183921
Last Updated: 01/22/2021
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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