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2209 E Wisteria Drive Chandler, AZ 85286

3 Beds 3 Baths 2,531 sqft Built 2006

$535,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $211.38
  • 4 Days on Market
  • MLS # : 6156434
  • Updated Date : 11/06/2020 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,531 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Absolutely stunning Chandler home. 3 bedroom + office + den (currently used as photography studio) 3 bath beautifully updated home. Perfect layout for entertaining. Tons of natural light and designer finishes throughout. Gorgeous kitchen with white cabinets, subway tile, and custom range hood. Large corner lot with gas fire pit to enjoy the beautiful AZ evenings. The location cannot be beat. Restaurants, retail, entertainment close by plus easy access to the 202. This home is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sienna

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k475k

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

Neighborhood: Sienna

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452309

* 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
Haley Elementary School Primary Regular 850 49 9
Haley Elementary School Middle Regular 850 49 9
Perry High School High Regular 3,194 142 7

Haley Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Haley Elementary School

  • Education Level: Middle
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,974
Property Tax -$381
Property Insurance -$77
HOA -$85
Property Management Fees -$99
CASH FLOW
-$485

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.

$535,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,786

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,130

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,284

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,130
1$2,1302$2,1953$2,2004$2,3505$2,399
$2,399
RENT COMPS ANALYSIS
  • 2209 E Wisteria Drive Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,531 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,531 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.84
    •  
  • 2702 E Redwood Place Chandler, AZ 2
    • 4 beds 4 baths ∙ 2,417 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,417 Sqft ∙ Built 2012
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.91
    •  
  • 2357 E Balsam Drive Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 3817 S Soho Lane Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2002
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.88
    •  
  • 3297 S Cottonwood Drive Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,531 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,531 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.95
    •  
PROPERTY LISTING DETAILS
Casey Cuppy
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156434
Last Updated: 11/06/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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