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1883 W Remington Drive Chandler, AZ 85286

3 Beds 2 Baths 1,963 sqft Built 1993

$405,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $206.32
  • 3 Days on Market
  • MLS # : 6165351
  • Updated Date : 11/27/2020 at 14:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,963 sqft
  • Baths : 2 full
Listing Agent

Century 21-platinum Real Estate

Listing Agent's Description

Location Location Location! This home is right off the San Tan 202 Freeway, perfect for those who commute into Tempe, Phoenix or Scottsdale. North/South Facing! This 3 bedroom, 2 bathroom + Den/office has plenty of room for the family or just wanting to entertain. Home includes, eat in kitchen, formal living/dining room and family room. Reverse osmosis in kitchen and water softener in garage. This community includes a community pool, heated spa, playground, and tennis courts.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tristan

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Tristan

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9211981

* 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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

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

$364,500$445,500$405,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,494
Property Tax -$236
Property Insurance -$65
HOA -$120
Property Management Fees -$99
CASH FLOW
-$155

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.

$405,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.46%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$14,034

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,071

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8603$1,9504$2,2505$2,325
$2,325
RENT COMPS ANALYSIS
  • 1883 W Remington Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.95
    •  
  • 1651 W Springfield Way Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1995
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 1641 W Winchester Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1995
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 1563 W Browning Way Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 1995
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.04
    •  
  • 1729 W Gunstock Loop Chandler, AZ 5
    • 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 1993
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.10
    •  
PROPERTY LISTING DETAILS
Lisa Torres
Century 21-platinum Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165351
Last Updated: 11/27/2020
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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