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2014 N Comanche Drive Chandler, AZ 85224

3 Beds 2 Baths 1,548 sqft Built 1979

$310,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $200.26
  • 3 Days on Market
  • MLS # : 6155658
  • Updated Date : 11/27/2020 at 19:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,548 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Amazing established neighborhood with NO HOA! Don't miss out on this 3/2 ranch home in great location! Beautiful built in bookcases in living/family room. Great open floorplan perfect for entertaining. Minutes from the main freeways, providing you with quick and easy access to anywhere! Walking distance to parks, shopping and restaurants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: College Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $108k320k

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

Neighborhood: College Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8411780

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Dobson High School High Regular 2,639 122 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,144
Property Tax -$175
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$145

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$310,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$39,218

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
  • $1,803

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5253$1,8004$1,8355$1,900
$1,900
RENT COMPS ANALYSIS
  • 2014 N Comanche Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2603 N Pleasant Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1980
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.04
    •  
  • 1705 W Rosal Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1980
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.19
    •  
  • 2109 N Verano Way Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1979
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $1.29
    •  
  • 1115 W Barrow Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1981
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.14
    •  
PROPERTY LISTING DETAILS
Kari Potts
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155658
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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