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2219 W Curry Street Chandler, AZ 85224

4 Beds 2 Baths 1,597 sqft Built 1979

$395,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $247.34
  • 2 Days on Market
  • MLS # : 6184754
  • Updated Date : 01/23/2021 at 12:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,597 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

IT'S A SHOW STOPPER, get your track shoes on, this property will not last long! WELL-CARED FOR PROPERTY! REFURBISHING COMPLETED!! (NO HOA) 4 BEDROOM * SEPARATE LIVING & FAMILY ROOMS * KITCHEN: NEW CABINTRY WITH SOFT TOUCH DRAWERS, QUARTZ COUNTERTOPS, (5) BURNER GAS STOVE WITH HOODED VENT, STAINLESS STEEL APPLIANCES * HIGH-END PORCELAIN PLANKED TILE * NEW OUTLETS & SWITCHES * RECESSED LIGHTING * 2- PANEL INTERIOR DOORS * 5 '' BASEBOARDS * INTERIOR WINDOWS TRIMMED OUT * GAS FIREPLACE IN FAMILY ROOM * BATHROOMS COMPLETELY REDONE * CROWN MOLDING * STRUCTURED WIRING * INT. & EXT. REPAINTED * ROOF SHINGLES REPLACED 2020 * DIVING POOL: RESURFACED PEBBLE FINISH & TILE, KOOL DECKING * (RV PARKING). BLOCK FENCING * N/S/EXPOSURE CORNER LOT. 100 GALLON PROPANE TANK * EPOXY PAINTED GARAGE FLOOR *

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Dobson High School High Regular 2,639 122 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Dobson High School

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

$355,500$434,500$395,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,372
Property Tax -$223
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$93

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.

$395,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.42%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$15,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,785

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6503$1,6604$1,7995$1,800
$1,800
RENT COMPS ANALYSIS
  • 2219 W Curry Street Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,597 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,597 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.04
    •  
  • 3222 N Woodburne Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1979
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.10
    •  
  • 2670 W Chilton Street Chandler, AZ 2
    • 4 beds 2 baths ∙ 1,516 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,516 Sqft ∙ Built 1979
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
  • 2066 W Peralta Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.11
    •  
  • 1806 W Straford Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1980
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.17
    •  
PROPERTY LISTING DETAILS
Wayne Knight
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184754
Last Updated: 01/23/2021
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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