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2100 W Lemon Tree Place #2 Chandler, AZ 85224

2 Beds 2 Baths 1,110 sqft Built 1992

$250,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $225.23
  • 3 Days on Market
  • MLS # : 6156940
  • Updated Date : 11/05/2020 at 20:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,110 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

In a quiet community with lush green landscaping your single level townhouse with 2 master suites awaits. Bright and open with high ceilings and lots of natural light. Entertain family and friends from the open kitchen overlooking dining area and family room and through the patio doors to the spacious quiet patio. Located right by the pool so you will actually use the spa after a days work. Truly unique location where you can walk to dinner, Starbucks, Rx and grocery. But just as importantly you are right by the 60 the 101 and the 202, the price corridor and 3 miles from downtown Chandler. Click 3D Walkthrough under virtual tour to walk through every inch of the home from a computer or mobile device.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Buena Vista

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $79k320k

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

Neighborhood: La Buena Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7151780

* 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
Chandler Traditional Academy - Goodman Campus Primary Alternative 711 37 10
Chandler Traditional Academy - Goodman Campus Middle Alternative 711 37 10
Chandler High School High Regular 3,176 153 5

Chandler Traditional Academy - Goodman Campus

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
10
GreatSchools Rating

Chandler Traditional Academy - Goodman Campus

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
10
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$922
Property Tax -$146
Property Insurance -$49
HOA -$160
Property Management Fees -$99
CASH FLOW
-$96

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$250,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,844

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
  • $1,365

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,4004$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 2100 W Lemon Tree Place #2 Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2201 N Comanche Drive #1103 Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2001
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.29
    •  
  • 2100 W Lemon Tree Place #76 Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1992
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.26
    •  
  • 1314 W Manor Street Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1986
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.16
    •  
  • 1102 W Estrella Drive Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,284 Sqft ∙ Built 1986
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.21
    •  
PROPERTY LISTING DETAILS
Kevin Weil
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156940
Last Updated: 11/05/2020
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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