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1813 W Mead Place Chandler, AZ 85248

4 Beds 3 Baths 2,903 sqft Built 1999

$799,900

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $275.54
  • 9 Days on Market
  • MLS # : 6197007
  • Updated Date : 02/25/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,903 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

FABULOUS OPPORTUNITY! This BEAUTIFUL WATERFRONT HOME in Ocotillo Lakes Subdivision is occupied with tenants paying $3,200 per month until 6/30/2022! Welcome to your own piece of paradise living in Ocotillo! Imagine yourself living here in Ocotillo/Chandler... With 4 Bedrooms and 3 Full Baths, this home is sure to check off the boxes on your wish list. From the moment you enter, you'll be impressed and realize that whether you're entertaining or simply relaxing, this isn't just a home... it's a destination! Spectacular Waterfront Home in the Gated-- Enclave of Ocotillo Lakes! *Single Story *Bright, Open Split Floor Plan w/ Formal Living & Dining Room *ALL NEWER S/S GE APPLIANCES and REFRIGERATOR... Hit

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
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,778
Property Tax -$580
Property Insurance -$84
HOA -$42
Property Management Fees -$99
CASH FLOW
-$853

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.

$799,900

PROJECTED PRICE

$2,730

PROJECTED RENT

0.34%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,299

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
  • $2,816

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,7004$2,7955$2,950
$2,950
RENT COMPS ANALYSIS
  • 1813 W Mead Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4442 S Wildflower Place Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,785 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,785 Sqft ∙ Built 2002
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.90
    •  
  • 1934 W Lynx Court Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.97
    •  
  • 4880 S Wildflower Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,907 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,907 Sqft ∙ Built 1999
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.96
    •  
  • 4360 S Oleander Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 2002
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.05
    •  
PROPERTY LISTING DETAILS
Ej Tallman
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197007
Last Updated: 02/25/2021
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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