Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2108 N Tamarisk Street Chandler, AZ 85224

3 Beds 2 Baths 1,172 sqft Built 1983

$299,900

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $255.89
  • 2 Days on Market
  • MLS # : 6209958
  • Updated Date : 03/20/2021 at 04:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,172 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Very nice property, new windows, paint, carpet and both baths are done... Not a flip!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Orangetree

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $114k358k

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

Neighborhood: Orangetree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8931981

* 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
Dobson High School High Regular 2,639 122 4

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,042
Property Tax -$170
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$50

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.

$299,900

PROJECTED PRICE

$1,310

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,415

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
  • $1,301

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,4704$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 2108 N Tamarisk Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2019 W Lemon Tree Place #1194 Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,113 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,113 Sqft ∙ Built 1987
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.16
    •  
  • 2313 W Brooks Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1983
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.01
    •  
  • 2134 W Monroe Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1984
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.16
    •  
  • 2211 N Bullmoose Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1982
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.11
    •  
PROPERTY LISTING DETAILS
Gary L Bowers
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209958
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.

BESbswy