Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1872 W Goldfinch Way Chandler, AZ 85286

4 Beds 3 Baths 2,337 sqft Built 1996

$450,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $192.55
  • 2 Days on Market
  • MLS # : 6168077
  • Updated Date : 12/05/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,337 sqft
  • Baths : 3 full
Listing Agent

Mojica & Associates Real Estate

Listing Agent's Description

Beautifully remodeled 3bed/3bath PLUS an office than can easily be used as 4th bedroom! NEW A/C & NEW WATER HEATER. Fresh paint, New counter tops, light fixtures, tubs, tile surround in both tubs and shower. New Shower door, New toilets and so much more!! RV GATE over sized lot and extra parking on drive way.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Clemente Ranch

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
Tarwater Elementary School Primary Regular 857 45 9
Tarwater Elementary School Middle Regular 857 45 9
Hamilton High School High Regular 3,740 190 8

Tarwater Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Tarwater Elementary School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,660
Property Tax -$262
Property Insurance -$73
HOA -$18
Property Management Fees -$99
CASH FLOW
-$142

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.

$450,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$19,106

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
  • $2,185

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1004$2,2005$2,450
$2,450
RENT COMPS ANALYSIS
  • 1872 W Goldfinch Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2690 S Los Altos Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1996
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 1787 W Canary Way Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,394 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,394 Sqft ∙ Built 1995
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
  • 1674 W Macaw Drive Chandler, AZ 4
    • 5 beds 3 baths ∙ 2,337 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,337 Sqft ∙ Built 1997
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 3030 S Cascade Place Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1989
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.97
    •  
PROPERTY LISTING DETAILS
Crystal Herrera
Mojica & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168077
Last Updated: 12/05/2020
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.

BESbswy