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2082 E Lantana Drive Chandler, AZ 85286

3 Beds 3 Baths 1,979 sqft Built 2018

$480,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $242.55
  • 2 Days on Market
  • MLS # : 6186453
  • Updated Date : 02/06/2021 at 20:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,979 sqft
  • Baths : 2 full , 1 half
Listing Agent

Home Centric Real Estate, Llc

Listing Agent's Description

Wow! Remarkable like new single level property is now for sale here in desirable Chandler! Providing a great curb appeal, a 2-car garage, and low maintenance landscaping. Refreshing interior features neutral paint throughout, tiled flooring, carpet in all bedrooms, decorative lighting, and big windows that bring in so much natural light. The spotless kitchen provides ample-white cabinetry, an island w/ quartz countertops, a sink & breakfast bar. The master bedroom has a walk-in closet and a lavish bathroom with a separate tub, step-in shower, and double-sink vanity. Step outside through this massive sliding glass wall in the family room and you'll be greeted by a charming backyard with a covered patio, artificial turf, and built-in BBQ.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

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

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,667
Property Tax -$342
Property Insurance -$66
HOA -$99
Property Management Fees -$99
CASH FLOW
-$453

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.

$480,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,708

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
  • $2,043

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$1,9954$2,2505$2,295
$2,295
RENT COMPS ANALYSIS
  • 2082 E Lantana Drive Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2130 E Iris Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2004
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.04
    •  
  • 2070 E Indigo Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,154 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,154 Sqft ∙ Built 2006
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 1935 E Wisteria Drive Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2020
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.08
    •  
  • 1781 E Indigo Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 2003
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.08
    •  
PROPERTY LISTING DETAILS
Myatta Whitson
Home Centric Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186453
Last Updated: 02/06/2021
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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