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2045 W Riverside Street Chandler, AZ 85248

5 Beds 5 Baths 3,827 sqft Built 1993

$659,900

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $172.43
  • 4 Days on Market
  • MLS # : 6166935
  • Updated Date : 12/02/2020 at 21:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,827 sqft
  • Baths : 4 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

This resort style home is located on the largest lot in the Harbour Club. The back yard pool and expansive patios are what you need in your down time- or an entertainer's dream. The lake and golf course views are incredible too. Interior of the home is mostly original. Hardwood flooring and Granite countertops are well maintained. Amazing 2nd floor mother in law's suite. And there is a casita- this home features 3 kitchens! Seller would like to sell the home ''as seen''. Interior photos will be coming soon.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Island at Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k469k

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

Neighborhood: The Island at Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452534

* 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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

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

$593,910$725,890$659,900

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$2,435
Property Tax -$499
Property Insurance -$102
HOA -$62
Property Management Fees -$99
CASH FLOW
$404

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.

$659,900

PROJECTED PRICE

$3,600

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$180,624

INVESTMENT

$180,624

Down Payment
$164,975
Rehab Estimate
$5,750
Closing Costs
$9,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,975
Loan Amount $494,925
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$88,168

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
  • $3,789

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1503$3,5004$3,5255$4,250
$4,250
RENT COMPS ANALYSIS
  • 2045 W Riverside Street Chandler, AZ 1
    • 5 beds 5 baths ∙ 3,827 Sqft ∙ Built 1993 5 beds 5 baths ∙ 3,827 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4453 S Greythorne Way Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,525 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,525 Sqft ∙ Built 2006
    property image
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.89
    •  
  • 1777 W Ocotillo Road #26 Chandler, AZ 3
    • 4 beds 5 baths ∙ 3,661 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,661 Sqft ∙ Built 2012
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.96
    •  
  • 4512 S Wildflower Place Chandler, AZ 4
    • 5 beds 3 baths ∙ 3,690 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,690 Sqft ∙ Built 2002
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,525
    • $0.96
    •  
  • 4523 S Wildflower Place Chandler, AZ 5
    • 5 beds 3 baths ∙ 3,690 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,690 Sqft ∙ Built 2003
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.15
    •  
PROPERTY LISTING DETAILS
Ainsley Mosienko
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166935
Last Updated: 12/02/2020
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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