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2046 E San Carlos Place Chandler, AZ 85249

6 Beds 3 Baths 3,263 sqft Built 2002

$610,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $186.94
  • 3 Days on Market
  • MLS # : 6187246
  • Updated Date : 01/29/2021 at 16:27
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,263 sqft
  • Baths : 3 full
Listing Agent

Maclay Real Estate

Listing Agent's Description

Currently rented to long term tenants at $ 2665 til 11/30/2022. Gorgeous, 6 bedroom home within the gates of Countryside Estates in south Chandler. Be first to see this tremendous deal with over 3200 sf, 6 bedrooms, 3 bathrooms, 3 car garage and 10,000 sf lot. Beautifully upgraded kitchen with lots of cabinets and storage. The kitchen features a gas cook top, stainless appliances, oversized island with bar seating, and eat in kitchen. The great room has a gas beehive fire place and tons of entertaining space. The floor plan is split with 3 bedrooms on each side. The master suite is enormous and has a sitting area that is perfect for a private theater set up or work out area. Note- there is no more carpet in the house - photos were taken prior to Carpet being removed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Countryside Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k519k

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

Neighborhood: Countryside Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452620

* 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
Carlson Elementary School Primary Unknown 726 39 NA
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Carlson Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 39
NA
GreatSchools Rating

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$549,000$671,000$610,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,119
Property Tax -$434
Property Insurance -$91
HOA -$93
Property Management Fees -$99
CASH FLOW
-$76

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.

$610,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,119

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$26,658

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
  • $2,863

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5753$2,7504$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2046 E San Carlos Place Chandler, AZ 1
    • 6 beds 3 baths ∙ 3,263 Sqft ∙ Built 2002 6 beds 3 baths ∙ 3,263 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1792 E Powell Way Chandler, AZ 2
    • 5 beds 3 baths ∙ 3,119 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,119 Sqft ∙ Built 2001
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.83
    •  
  • 4900 S Springs Drive Chandler, AZ 3
    • 6 beds 3 baths ∙ 3,262 Sqft ∙ Built 2001 6 beds 3 baths ∙ 3,262 Sqft ∙ Built 2001
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.84
    •  
  • 2062 E Lantana Drive Chandler, AZ 4
    • 5 beds 4 baths ∙ 3,251 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,251 Sqft ∙ Built 2018
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.92
    •  
  • 1683 E Jade Place Chandler, AZ 5
    • 5 beds 3 baths ∙ 3,479 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,479 Sqft ∙ Built 2003
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Bradley Maclay
Maclay Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187246
Last Updated: 01/29/2021
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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