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2100 W Lemon Tree Place #95 Chandler, AZ 85224

2 Beds 2 Baths 1,110 sqft Built 1992

$250,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $225.23
  • 2 Days on Market
  • MLS # : 6210171
  • Updated Date : 03/20/2021 at 22:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,110 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Location! Location! Location! Beautiful single-level home situated near all the best Chandler has to offer. Step inside and you'll find a nice sized living & dining area w/ cozy fireplace, dramatic vaulted ceilings, tile flooring throughout, neutral paint for a welcoming interior, a beautiful chandelier, & skylights for lots of natural lights. Spotless kitchen boasts plenty of cabinets, granite countertops, a pantry, & sparkling SS appliances needed to prepare your meal. The good-sized bedrooms offer closets for your belongings & very convenient bathrooms w/ a double-sink vanity. Enjoy relaxing in the backyard w/ seating areas after a long & busy day. Community amenities provide a pool & spa! Easy access to the 101 Freeway & close to grocery stores, restaurants, shopping, & more. Call now!

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
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
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

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$868
Property Tax -$146
Property Insurance -$49
HOA -$168
Property Management Fees -$99
CASH FLOW
$110

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

$1,440

PROJECTED RENT

0.58%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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 40% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$23,200

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
  • $1,340

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4004$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 2100 W Lemon Tree Place #95 Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2727 N Price Road #56 Chandler, AZ 2
    • 2 beds 3 baths ∙ 1,161 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,161 Sqft ∙ Built 2007
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.20
    •  
  • 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
    property image
    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
    property image
    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
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.21
    •  
PROPERTY LISTING DETAILS
Brett Tanner
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210171
Last Updated: 03/20/2021
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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