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2113 E Folley Street Chandler, AZ 85225

4 Beds 2 Baths 2,478 sqft Built 1999

$459,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $185.23
  • 4 Days on Market
  • MLS # : 6205328
  • Updated Date : 03/13/2021 at 15:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,478 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

What an amazing opportunity to own this highly upgraded 4 bedroom property in Kempton Crossing! With gorgeous curb appeal, 3 car garage, easy to care front yard, and paver patio! Inside you'll find formal living & dining rooms, plantation shutters, and a spacious great room with fireplace & tons of natural light. The kitchen features high-end appliances, ample oak cabinets, granite countertops, pantry, and island w/breakfast bar. Master bedroom has a private exit, and a luxurious ensuite with large dual sinks, soaking tub, glass shower, and walk-in closet. Convenient Arizona room is perfect for enjoying the outdoors without worrying about the weather. Large backyard is the right spot for gatherings with its paver patio, fireplace, and built-in BBQ. Call today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kempton Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k365k

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

Neighborhood: Kempton Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Willis Junior High School Middle Regular 947 51 6
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,594
Property Tax -$267
Property Insurance -$75
HOA -$14
Property Management Fees -$99
CASH FLOW
$0

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.

$459,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$26,097

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
  • $2,218

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,0004$2,2505$2,295
$2,295
RENT COMPS ANALYSIS
  • 2113 E Folley Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2482 E Kesler Lane Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,288 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,288 Sqft ∙ Built 2000
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 310 N Eucalyptus Place Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2001
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 2091 E Detroit Street Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2002
    LEASED 03/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.92
    •  
  • 2092 E Folley Street Chandler, AZ 5
    • 3 beds 2 baths ∙ 2,279 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,279 Sqft ∙ Built 1999
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.01
    •  
PROPERTY LISTING DETAILS
Trevor Bradley
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205328
Last Updated: 03/13/2021
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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