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
2252 W Tanque Verde Drive 
Chandler, AZ
85224
3 Beds 2 Baths 1,701 sqft
Built 1985
INVESTimate
$350,000
List Price
$98,500
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $205.76
- 2 Days on Market
- MLS # : 6122217
- Updated Date : 08/24/2020 at 22:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,701 sqft
- Baths : 2 full
Listing Agent
Long Realty In The Pines
Listing Agent's Description
Well maintained home with a private pool, still plenty of swim time left. Home was renovated a few years ago. All hard surface flooring,Granite Counter Tops, Stainless Steel Appliances. Great neighborhood with NO HOA and easy freeway access to Loop 101 and shoping. Priced to sell.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Clearview Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Clearview Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$204 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$105
|
||
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.
$350,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.13% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
7.42
YEARS SAVED
$37,773
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,824
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
2252 W Tanque Verde Drive Chandler, 2
- 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,760
- $1.03
-
1506 N Tamarisk Drive Chandler, 1
- 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1984
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,700
- $1.02
-
2413 W Estrella Drive Chandler, 3
- 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 1981
![property image]()
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,835
- $1.03
-
2332 W Highland Court Chandler, 4
- 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1985
![property image]()
LEASED 12/15/19- Rent
- Rent Per SQFT
- $1,850
- $1.09
-
2184 W Calle Del Norte Drive Chandler, 5
- 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1984
![property image]()
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,950
- $1.15
PROPERTY LISTING DETAILS
Long Realty In The Pines
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122217
Last Updated: 08/24/2020
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.
