Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2023 W Hawken Way Chandler, AZ 85286

5 Beds 4 Baths 3,259 sqft Built 2000

$615,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $188.71
  • 8 Days on Market
  • MLS # : 6157763
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,259 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

BEAUTIFUL Maracay Home in a gated community! Guest Quarters with separate entrance it can be used for Airbnb, Large/open Kitchen-Great roomwith 16' slate tile! Large kitchen island with Granite counter tops, Media/Bonus room could be 6th bedroom or exercise room. Invitingcourtyard, partial-light latilla covered patio, pebble sheen play pool, so much more! New Artificial Grass in the back yard. Both AC unitsare replaced in 2018. Close to 101, 202 and many offices.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pecos Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k566k

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

Neighborhood: Pecos Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452537

* 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
Tarwater Elementary School Primary Regular 857 45 9
Tarwater Elementary School Middle Regular 857 45 9
Hamilton High School High Regular 3,740 190 8

Tarwater Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Tarwater Elementary School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Hamilton High School

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

$553,500$676,500$615,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,269
Property Tax -$358
Property Insurance -$91
HOA -$408
Property Management Fees -$99
CASH FLOW
-$735

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.

$615,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$448

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,689

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4903$2,7504$2,8505$2,985
$2,985
RENT COMPS ANALYSIS
  • 2023 W Hawken Way Chandler, AZ 2
    • 5 beds 4 baths ∙ 3,259 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,259 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.76
    •  
  • 1863 W Homestead Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,258 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,258 Sqft ∙ Built 2011
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.70
    •  
  • 1090 W Longhorn Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.84
    •  
  • 1135 W Mulberry Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,290 Sqft ∙ Built 1998
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.87
    •  
  • 2290 W Maplewood Street Chandler, AZ 5
    • 5 beds 3 baths ∙ 3,353 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,353 Sqft ∙ Built 2001
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,985
    • $0.89
    •  
PROPERTY LISTING DETAILS
Boyilla Nanda
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157763
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.

BESbswy