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1870 W Calle Del Norte -- Chandler, AZ 85224

4 Beds 2 Baths 1,748 sqft Built 1984

$399,995

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $228.83
  • 2 Days on Market
  • MLS # : 6205074
  • Updated Date : 03/13/2021 at 22:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,748 sqft
  • Baths : 2 full
Listing Agent

Valley Of The Sun Real Estate

Listing Agent's Description

OPEN HOUSE SUNDAY 11AM - 3PM. OFFERS BEING ACCEPTED. The consummate family home. Nicely and recently updated throughout. Flooring, Kitchen Cabinets/Granite Countertops, Bathrooms with a Walk-In Shower in the Master, Walk-In Closet in Master Bath, Eat-In Kitchen with Breakfast Nook and Kitchen Island with Overhang for Sit-Up Eating. Walk-In Pantry. Hot Water Heater is 2 Years Old. Relaxing Backyard with Large Covered Patio and Tons of Cool Grass. Fruit trees. Concrete Slab Parking on the Side of Driveway. CHANDLER SCHOOL DISTRICT. John M. Anderson Elementary & Junior High School. Resides in the Chandler High School district...(5) Consecutive State High School Football Championships!!! Easy Access to the 101, 202 and 60 Freeways. NO HOA.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Knoll East

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: South Knoll East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8921780

* 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
Andersen Elementary School Primary Regular 652 31 4
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 31
4
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

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

$359,996$439,995$399,995

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,389
Property Tax -$233
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$67

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$399,995

PROJECTED PRICE

$1,850

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

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

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$111,749

INVESTMENT

$111,749

Down Payment
$99,999
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,999
Loan Amount $299,996
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$30,854

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
  • $1,962

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7504$1,9505$2,025
$2,025
RENT COMPS ANALYSIS
  • 1870 W Calle Del Norte -- Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1708 W Highland Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1986
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 2011 W Monroe Street Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1985
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 2184 W Calle Del Norte Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1984
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.15
    •  
  • 2058 W Gila Lane Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1984
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $1.19
    •  
PROPERTY LISTING DETAILS
Jon Michael Beydler
Valley Of The Sun Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205074
Last Updated: 03/13/2021
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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