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2139 E Cedar Place Chandler, AZ 85249

5 Beds 4 Baths 3,835 sqft Built 2003

$965,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Santan Junior High School Middle Regular 1,291 60 9
Basha High School High Regular 2,646 125 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$868,500$1,061,500$965,000

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$261,475

INVESTMENT

$261,475

Down Payment
$241,250
Rehab Estimate
$5,750
Closing Costs
$14,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,352

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $241,250
Loan Amount $723,750
See What Happens When You Reinvest Cash Flow

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
$2,900
1$2,9002$3,2503$3,3954$3,5405$4,500
$4,500
RENT COMPS ANALYSIS
  • 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
    property image
    • 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
    property image
    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
    property image
    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
Christine Rees
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188458
Last Updated: 02/05/2021
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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