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1847 E Carob Drive Chandler, AZ 85286

4 Beds 2 Baths 2,175 sqft Built 2002

$559,900

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $257.43
  • 2 Days on Market
  • MLS # : 6210144
  • Updated Date : 03/20/2021 at 20:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,175 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

THIS Uniquely exquisite SINGLE STORY HOME IS ONE IN A MILLION. A must see! remodeled in 2016. Single level with open, split floor plan. Huge kitchen with two breakfast bars. Newer plank water resistant flooring. Bonus room which could be a fifth bed by adding a closet, or game room. New light fixtures, and ceiling fans in all bedrooms, and living spaces.Walkout to a backyard that is one in a million! Travertine tile surrounds an ample pebble tec pool and no water grass, a built in granite bar and cooking space, and a large lit pergola and cozy firepit. Seller is Broker/owner. Showings begin Friday Morning , March 19 at 10 AM.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$503,910$615,890$559,900

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,945
Property Tax -$399
Property Insurance -$70
HOA -$22
Property Management Fees -$99
CASH FLOW
-$314

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.

$559,900

PROJECTED PRICE

$2,220

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,124

INVESTMENT

$154,124

Down Payment
$139,975
Rehab Estimate
$5,750
Closing Costs
$8,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $139,975
Loan Amount $419,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,962

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,213

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,060
1$2,0602$2,1503$2,2204$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 1847 E Carob Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.02
    •  
  • 2127 E Aloe Place Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004
    property image
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.94
    •  
  • 2295 E Iris Court Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 2005
    property image
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.00
    •  
  • 1781 E Indigo Drive Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 2003
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.08
    •  
  • 3611 S Salt Cedar Street Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2006
    property image
    LEASED 03/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.05
    •  
PROPERTY LISTING DETAILS
Jacqueline R Mcpheeters
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210144
Last Updated: 03/20/2021
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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