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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $251.63
- 4 Days on Market
- MLS # : 6188458
- Updated Date : 02/05/2021 at 18:54
CONSTRUCTION
- Beds : 5
- Floor Size : 3,835 sqft
- Baths : 3 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
This spectacular home is the home that you have been waiting for! Beautiful, custom home in a gated community on a large lot with pebble tec pool, elevated spa, sunken built-in outdoor grill and fireplace. Travertine flooring, stacked stone accents in the living room, kitchen, dry bar. 3 car epoxied garage with NEW cabinets. SS appliances, gas cooktop, granite counters. Master has custom, enclosed steam shower, large tub, His/Hers sinks and backyard entry. Whole house water purification system. Fruit trees. Plantation shutters throughout home, upscale lighting, fans and fixtures.
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PRICE & RENT TRENDS
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,540 |
| EXPENSES | Loan Payment | -$3,352 |
| Property Tax | -$710 | |
| Property Insurance | -$102 | |
| HOA | -$132 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$855
|
||
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.
$965,000
PROJECTED PRICE
$3,540
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$261,475
LOAN DETAILS
$3,352
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $241,250 |
| Loan Amount | $723,750 |
1.08
YEARS SAVED
$4,499
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,540
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$3,538
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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2139 E Cedar Place Chandler, AZ 4
- 5 beds 4 baths ∙ 3,835 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,835 Sqft ∙ Built 2003
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- Rent
- Rent Per SQFT
- $3,540
- $0.92
-
2645 E Elmwood Place Chandler, AZ 1
- 6 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003 6 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003
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LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,900
- $0.82
-
1965 E Crescent Way Chandler, AZ 2
- 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2015
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LEASED 05/29/20- Rent
- Rent Per SQFT
- $3,250
- $0.86
-
2727 E Teakwood Place Chandler, AZ 3
- 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $3,395
- $0.85
-
2373 E Nolan Place Chandler, AZ 5
- 5 beds 4 baths ∙ 3,869 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,869 Sqft ∙ Built 2018
![property image]()
LEASED 06/27/20- Rent
- Rent Per SQFT
- $4,500
- $1.16
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188458
Last Updated: 02/05/2021
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.
