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2222 E Tonto Place Chandler, AZ 85249

4 Beds 4 Baths 4,193 sqft Built 2005

$960,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $228.95
  • 7 Days on Market
  • MLS # : 6165501
  • Updated Date : 12/28/2020 at 09:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,193 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Spectacular Mediterranean/Tuscan-style ONE owner custom home! Prime inside- corner lot with TWO 10' RV gates. This updated immaculate well-maintained home was built to the highest standards! High-quality construction, high-end finishes and open floor plan with HUGE bedrooms makes this beautiful home one-of-a-kind! Gourmet Kitchen has Island w/ Prep Sink, Jenn-Air Pro Style Appliances that includes Dual Ovens, Gas Cooktop, 48'' Built-in Refrig, Venetian Plaster Hood, Custom Tile Backsplash, High-End Custom Distressed Alder Cabinets. Travertine and Acacia hardwood floors, coffered ceilings w/ light wells, BONUS 450 s.f. climate-controlled attic storage & craft room. All new front & rear landscaping! This truly is a must see!

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
Carlson Elementary School Primary Unknown 726 39 NA
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Carlson Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 39
NA
GreatSchools Rating

Santan Junior High School

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

Perry High School

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

$864,000$1,056,000$960,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$3,542
Property Tax -$684
Property Insurance -$109
HOA -$108
Property Management Fees -$99
CASH FLOW
-$1,041

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.

$960,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.36%

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

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$260,150

INVESTMENT

$260,150

Down Payment
$240,000
Rehab Estimate
$5,750
Closing Costs
$14,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $240,000
Loan Amount $720,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,579

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
  • $3,239

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,2004$3,3505$3,400
$3,400
RENT COMPS ANALYSIS
  • 2222 E Tonto Place Chandler, AZ 1
    • 4 beds 4 baths ∙ 4,193 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,193 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4201 S Newport Street Chandler, AZ 2
    • 5 beds 4 baths ∙ 4,113 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,113 Sqft ∙ Built 2007
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.75
    •  
  • 1390 E Yellowstone Place Chandler, AZ 3
    • 5 beds 4 baths ∙ 3,851 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,851 Sqft ∙ Built 2006
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.83
    •  
  • 2734 E Grand Canyon Drive Chandler, AZ 4
    • 5 beds 4 baths ∙ 4,447 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,447 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.75
    •  
  • 1370 E San Carlos Way Chandler, AZ 5
    • 5 beds 4 baths ∙ 4,461 Sqft ∙ Built 1999 5 beds 4 baths ∙ 4,461 Sqft ∙ Built 1999
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.76
    •  
PROPERTY LISTING DETAILS
Lisa Allan
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165501
Last Updated: 12/28/2020
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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