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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $224.00
- 2 Days on Market
- MLS # : 6184982
- Updated Date : 01/24/2021 at 04:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,250 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Hurry to see this well cared home in Chandler! Centrally located in the heart of Chandler just minutes to freeways, shopping, and restaurants. Fantastic interior with ample living room, vaulted ceilings, 3 spacious bedrooms, 2 full bathrooms, and neutral paint throughout. Perfect size kitchen outfitted with custom cabinets and all matching black appliances that compliments the granite counter-tops. Cozy master suite offers walk-in closet and en-suite bath ensuring a very private space where you can unwind after a busy day. The backyard with paver extended in the covered patio is awaiting all your landscaping ideas. No HOA! The perfect home for first time buyers! Come take a look today Exterior stucco and paint redone in 2016. Windows replaced in 2014. 14 sear AC unit replaced 2019!
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PRICE & RENT TRENDS
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$163 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$6
|
||
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.
$279,999
PROJECTED PRICE
$1,280
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $209,999 |
5.33
YEARS SAVED
$15,634
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
-
$1,288
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
1950 N Iowa Street Chandler, AZ 1
- 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1961 N Hartford Street #1179 Chandler, AZ 2
- 3 beds 3 baths ∙ 1,348 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,348 Sqft ∙ Built 1998
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,350
- $1.00
-
1961 N Hartford Street #1115 Chandler, AZ 3
- 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1997
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,400
- $1.03
-
458 W Highland Street Chandler, AZ 4
- 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1983
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,450
- $1.01
-
1961 N Hartford Street #1196 Chandler, AZ 5
- 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1998
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,475
- $1.08
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184982
Last Updated: 01/24/2021
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.
