Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2233 W Tanque Verde Drive Chandler, AZ 85224

4 Beds 3 Baths 2,321 sqft Built 1985

$444,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $191.68
  • 2 Days on Market
  • MLS # : 6183686
  • Updated Date : 01/23/2021 at 18:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,321 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

CURB APPEAL! You will love this perfectly located 4 bedroom, 3 bathroom home in one of the best neighborhoods in Chandler with OWNED solar. Beautiful brick pavers will lead you into this updated home that is perfect for entertaining family and friends. It has all of the upgrades, including stainless steel appliances, a complete master bedroom and bathroom remodel, fresh paint throughout, new baseboards, new lighting and much more. The landscaping has also just been completely renovated with all new rock, plants, grass, sprinkler lines, hoses and valves. This home also has rare, air conditioned storage above the 4th bedroom. Come see this home today, this one will not last long.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Clearview Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Clearview Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9031780

* 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
Chandler Traditional Academy - Goodman Campus Primary Alternative 711 37 10
Chandler Traditional Academy - Goodman Campus Middle Alternative 711 37 10
Chandler High School High Regular 3,176 153 5

Chandler Traditional Academy - Goodman Campus

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
10
GreatSchools Rating

Chandler Traditional Academy - Goodman Campus

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
10
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$400,410$489,390$444,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,545
Property Tax -$259
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
$84

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$444,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,649

INVESTMENT

$123,649

Down Payment
$111,225
Rehab Estimate
$5,750
Closing Costs
$6,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,545

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,225
Loan Amount $333,675
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$35,147

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
  • $2,263

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,0954$2,2955$2,495
$2,495
RENT COMPS ANALYSIS
  • 2233 W Tanque Verde Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1253 N Spire Court Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1994
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.91
    •  
  • 1250 N Firehouse Court Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 1994
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
  • 2395 W Shannon Street Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1997
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 1468 N Woodside Road Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1984
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.11
    •  
PROPERTY LISTING DETAILS
Preston Matchett
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183686
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.

BESbswy