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

2045 E Cherry Hills Place Chandler, AZ 85249

3 Beds 2 Baths 1,704 sqft Built 2000

$410,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $240.61
  • 3 Days on Market
  • MLS # : 6159016
  • Updated Date : 11/14/2020 at 11:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,704 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

GET IN THE CAR! Don't miss this gorgeously updated Chandler home situated on an oversized cul-de-sac lot in Cooper Commons! This fantastic home is move in ready and has recently been updated with beautiful cabinetry, granite countertops, new flooring, and new stainless steel appliances. The home is a split plan with tile and engineered hard wood throughout! No carpet! Beautiful finishes, owned soft water filter, and too many upgrades to name. Large, heated pebble tech sport pool with in-ground spa make this yard an oasis! AC was replaced in 2016. Pool and cool deck were redone in 2012, pool pump and heater in 2018. Walking distance to A+ rated Hull Elementary. This is a home you will NOT want to miss! Come see it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cooper Commons

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Cooper Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9741981

* 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
Hull Elementary School Primary Regular 777 45 9
Hull Elementary School Middle Regular 777 45 9
Basha High School High Regular 2,646 125 8

Hull Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Hull Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,513
Property Tax -$292
Property Insurance -$60
HOA -$13
Property Management Fees -$99
CASH FLOW
-$147

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.

$410,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,819

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,8304$1,8955$2,095
$2,095
RENT COMPS ANALYSIS
  • 2045 E Cherry Hills Place Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.07
    •  
  • 2608 E Waterview Court Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2000
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 2181 E Bellerive Place Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2000
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
  • 2114 E Indian Wells Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2001
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.11
    •  
  • 2084 E Cherry Hills Place Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1999
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.23
    •  
PROPERTY LISTING DETAILS
Christine Bingold
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159016
Last Updated: 11/14/2020
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