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2247 W Highland Street Chandler, AZ 85224

3 Beds 2 Baths 1,440 sqft Built 1986

$345,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $239.58
  • 3 Days on Market
  • MLS # : 6175282
  • Updated Date : 01/01/2021 at 23:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,440 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Welcome home! This 3 bedroom 2 bathroom home is in a great location and in a great Chandler neighborhood with NO HOA! Brand new roof, newer AC, new water heater AND a new variable speed pool pump for the pool! Hot tub conveys! Great floorplan with breakfast nook dining with two living room areas. Spacious kitchen with plenty of windows for a light and bright area! THREE different ways to access an ample backyard (including direct from the master bathroom!) with a diving pool for your enjoyment. 2 car garage with direct access into the home through the interior laundry room! This home will go quickly, come see it today! Home is sold as-is.

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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,273
Property Tax -$201
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$48

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.

$345,000

PROJECTED PRICE

$1,580

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

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$21,591

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
  • $1,498

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4703$1,4994$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 2247 W Highland Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2313 W Brooks Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1983
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.01
    •  
  • 2875 W Highland Street #1156 Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1995
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.02
    •  
  • 2875 W Highland Street #1173 Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1987
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 2509 W Knox Road Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1990
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Steve H Shrewsbury
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175282
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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