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1959 E Browning Place Chandler, AZ 85286

4 Beds 3 Baths 1,708 sqft Built 2003

$385,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $225.41
  • 3 Days on Market
  • MLS # : 6187545
  • Updated Date : 01/29/2021 at 22:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,708 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vylla Home

Listing Agent's Description

Come fall in love with this beautiful home tucked into a popular Chandler neighborhood near the 202 freeway - and everything you could need or want! The house has recently had a new AC unit installed and much of the pool equipment is also new, including the pump! The 4 bedrooms offer plenty of room for family and friends and the neighborhood is beautiful, quiet and friendly. Come take a look!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $111k358k

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

Neighborhood: Canyon Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452066

* 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
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,337
Property Tax -$224
Property Insurance -$60
HOA -$45
Property Management Fees -$99
CASH FLOW
-$46

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.

$385,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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

PROJECTED ANNUAL CASH FLOW

11530$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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,889

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,712

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,6953$1,7204$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 1959 E Browning Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.01
    •  
  • 2272 E Springfield Place Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 1997
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.99
    •  
  • 1986 E Browning Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,708 Sqft ∙ Built 2003
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
  • 1268 S Amber Street Chandler, AZ 4
    • 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,728 Sqft ∙ Built 2003
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 1430 S Eucalyptus Place Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2000
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
PROPERTY LISTING DETAILS
Stefanie Peters
Vylla Home
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187545
Last Updated: 01/29/2021
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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