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2042 E Carla Vista Drive Chandler, AZ 85225

4 Beds 3 Baths 2,433 sqft Built 2002

$499,900

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $205.47
  • 5 Days on Market
  • MLS # : 6200037
  • Updated Date : 03/01/2021 at 02:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,433 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Stunning Artist's home. Gorgeous finishes: granite kitchen, custom backsplash, updated baths, beautiful flooring, custom blinds, distinctive lighting throughut. Dramatic Architecture: Soaring Ceilings, Walls of windows, Gallery-like foyer, open entertaining great room, intimate formal Living Room, Large Loft Studio, Craft or Game Room; enclosed office and guest rooms...great space for everyone! Wrap-around yard provides light, charm and privacy. Elegant living in an easy-care neighborhood with community pool, park and direct access to walking path.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Village of Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Park Village of Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Willis Junior High School Middle Regular 947 51 6
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
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
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,736
Property Tax -$291
Property Insurance -$75
HOA -$136
Property Management Fees -$99
CASH FLOW
-$307

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.

$499,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,074

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,038

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0003$2,0304$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 2042 E Carla Vista Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.83
    •  
  • 2094 E Oakland Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2004
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
  • 340 N Eucalyptus Place Chandler, AZ 2
    • 4 beds 4 baths ∙ 2,522 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,522 Sqft ∙ Built 2002
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 2076 E Stephens Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2003
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 351 N Cottonwood Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2004
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
PROPERTY LISTING DETAILS
Ellen Blum
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200037
Last Updated: 03/01/2021
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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