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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $212.54
- 2 Days on Market
- MLS # : 6170661
- Updated Date : 12/12/2020 at 11:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,882 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful turn key home on a large corner lot has been completely remodeled from top to bottom! Granite counter-tops throughout with a tile mosaic backsplash, new cabinets and high end appliances with fridge and ice maker all under warranty. Giant master closet/nursery room. All rooms are very spacious. Whole house has led light bulbs, high efficiency dual pane windows, extra insulation in attic, new plumbing valves and hoses, new switches and plugs, new turbo toilets, new ceiling fans and light fixtures in every room. Extra high private block fence with double RV gate, newer roof and water heater and no HOA! This is an amazing opportunity to live close to the freeway, stores and entertainment.
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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 | $1,980 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$226 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$115
|
||
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.
$400,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.50%
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
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
7.17
YEARS SAVED
$40,350
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
-
$2,033
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
2006 W Silvergate Drive Chandler, AZ 1
- 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2066 W Peralta Avenue Mesa, AZ 2
- 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976
![property image]()
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,799
- $1.11
-
3207 N Brentwood Place Chandler, AZ 3
- 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979
![property image]()
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,995
- $1.10
-
2807 W Rosewood Drive Chandler, AZ 4
- 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,050
- $1.06
-
1205 W Loughlin Drive Chandler, AZ 5
- 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 1979
![property image]()
LEASED 03/14/20- Rent
- Rent Per SQFT
- $2,100
- $1.05
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170661
Last Updated: 12/12/2020
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.
