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1870 E Harrison Street Chandler, AZ 85225

4 Beds 4 Baths 3,212 sqft Built 1999

$674,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $210.12
  • 1 Days on Market
  • MLS # : 6172292
  • Updated Date : 12/19/2020 at 23:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,212 sqft
  • Baths : 3 full , 1 half
Listing Agent

Epl Realty Group, Llc

Listing Agent's Description

Beautiful home built and lived in by the same owner since 1999! COMING SOON with more details! 3D View https://my.matterport.com/show/?m=BwEv8Rh6zSG&mls=1

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashley Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k421k

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

Neighborhood: Ashley Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Sanborn Elementary School Primary Regular 738 39 4
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Sanborn Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 39
4
GreatSchools Rating

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$607,410$742,390$674,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$2,490
Property Tax -$393
Property Insurance -$90
HOA -$64
Property Management Fees -$99
CASH FLOW
-$806

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.

$674,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,599

INVESTMENT

$184,599

Down Payment
$168,725
Rehab Estimate
$5,750
Closing Costs
$10,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,725
Loan Amount $506,175
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,021

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
  • $2,345

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9753$2,3954$2,3955$2,495
$2,495
RENT COMPS ANALYSIS
  • 1870 E Harrison Street Chandler, AZ 1
    • 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 781 N Velero Street Chandler, AZ 2
    • 5 beds 3 baths ∙ 2,971 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,971 Sqft ∙ Built 1997
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.66
    •  
  • 533 N Kimberlee Way Chandler, AZ 3
    • 5 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.77
    •  
  • 562 N Kimberlee Way Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.77
    •  
  • 2225 E Detroit Street Chandler, AZ 5
    • 4 beds 4 baths ∙ 3,460 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,460 Sqft ∙ Built 1999
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.72
    •  
PROPERTY LISTING DETAILS
Alex J Thomas
Epl Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172292
Last Updated: 12/19/2020
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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