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1874 E Scorpio Place Chandler, AZ 85249

5 Beds 5 Baths 5,035 sqft Built 2004

$825,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $163.85
  • 2 Days on Market
  • MLS # : 6184797
  • Updated Date : 01/23/2021 at 17:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,035 sqft
  • Baths : 4 full , 1 half
Listing Agent

Sloan Realty Associates

Listing Agent's Description

Come and see this luxurious 5 bed, 4.5 bath property now for sale in Chandler! With a 5 car garage, an RV gate, this home has it all and more! Inside you will find formal dining and living areas with plantation shutters along with a full mother-in-law suite on the main floor, wet bar, a game room, and a spacious loft! The fabulous kitchen offers staggered cabinetry with crown molding, 2 pantries, granite countertops, high-end appliances such as a double wall oven, and an island with a breakfast bar. The grandiose master bedroom boasts a private sitting room, his and her walk-in closets, a full bath with double sinks, as well as separate tub and shower. The huge backyard includes large covered patio, a fenced-in heated pool and spa, and a lovely pergola.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Riggs Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k653k

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

Neighborhood: Riggs Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453196

* 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
Hull Elementary School Primary Regular 777 45 9
Hull Elementary School Middle Regular 777 45 9
Basha High School High Regular 2,646 125 8

Hull Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Hull Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,866
Property Tax -$587
Property Insurance -$125
HOA -$42
Property Management Fees -$99
CASH FLOW
-$409

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.

$825,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$16,865

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
  • $3,323

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,500
$3,500
RENT COMPS ANALYSIS
  • 1874 E Scorpio Place Chandler, AZ 1
    • 5 beds 5 baths ∙ 5,035 Sqft ∙ Built 2004 5 beds 5 baths ∙ 5,035 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2031 E Virgo Place Chandler, AZ 2
    • 6 beds 4 baths ∙ 5,379 Sqft ∙ Built 2002 6 beds 4 baths ∙ 5,379 Sqft ∙ Built 2002
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.65
    •  
  • 415 E Lynx Way Chandler, AZ 3
    • 4 beds 4 baths ∙ 5,195 Sqft ∙ Built 2003 4 beds 4 baths ∙ 5,195 Sqft ∙ Built 2003
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.67
    •  
PROPERTY LISTING DETAILS
Scott T. Jolley
Sloan Realty Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184797
Last Updated: 01/23/2021
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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