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1952 W Yellowstone Way Chandler, AZ 85248

3 Beds 3 Baths 2,604 sqft Built 2017

$629,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $241.55
  • 4 Days on Market
  • MLS # : 6158466
  • Updated Date : 11/13/2020 at 22:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,604 sqft
  • Baths : 3 full
Listing Agent

The Agency

Listing Agent's Description

Villa Del Lago is highly coveted for providing upscale luxury homes in the heart of Ocotillo. Extremely proficient layout is complemented by endless upgrades and premium materials. Downstairs master bedroom boasts a massive walk in closet. Go upstairs and you will find the rooms have ample space and a beautifully appointed guest bathroom. Out the large double sliders a fully landscaped low to no maintenance yard is crowned with a built in natural gas grill and fireplace. The amount of care and detail that went into this home can only be truly seen in person. Please Schedule a showing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Octotillo

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k459k

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

Neighborhood: The Octotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452356

* 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
Chandler Traditional Academy - Independence Campus Primary Regular 869 43 10
Chandler Traditional Academy - Independence Campus Middle Regular 869 43 10
Hamilton High School High Regular 3,740 190 8

Chandler Traditional Academy - Independence Campus

  • Education Level: Primary
  • # of students: 869
  • # of teachers: 43
10
GreatSchools Rating

Chandler Traditional Academy - Independence Campus

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 43
10
GreatSchools Rating

Hamilton High School

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

$566,100$691,900$629,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,321
Property Tax -$456
Property Insurance -$78
HOA -$215
Property Management Fees -$99
CASH FLOW
-$648

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.

$629,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.40%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,435

INVESTMENT

$172,435

Down Payment
$157,250
Rehab Estimate
$5,750
Closing Costs
$9,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,250
Loan Amount $471,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,987

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,487

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4953$2,4994$2,5205$2,695
$2,695
RENT COMPS ANALYSIS
  • 1952 W Yellowstone Way Chandler, AZ 4
    • 4 beds 4 baths ∙ 2,604 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,604 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.97
    •  
  • 2075 W Olive Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2001
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 4442 S Wildflower Place Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,785 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,785 Sqft ∙ Built 2002
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.90
    •  
  • 3964 S Sage Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1997
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.96
    •  
  • 1922 W Yellowstone Way Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,604 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,604 Sqft ∙ Built 2017
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.03
    •  
PROPERTY LISTING DETAILS
Manlio A Smeraldo
The Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158466
Last Updated: 11/13/2020
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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