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2270 E Palm Beach Drive Chandler, AZ 85249

4 Beds 3 Baths 2,370 sqft Built 2001

INVESTimate

$389,000

List Price

$2,010

$1,809 - $2,211

Rent Est.

$412,262  ( +5.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $164.14
  • 6 Days on Market
  • MLS # : 6118793
  • Updated Date : 08/25/2020 at 16:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,370 sqft
  • Baths : 2 full , 1 half
Listing Agent

Prosmart Realty

Listing Agent's Description

Beautiful 4 bedroom 2.5 bath home. Updated kitchen, huge rooms/ closets, and pool! Located near grocery stores, shopping centers, schools, restaurants and freeways. Great opportunity!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cooper Commons

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Cooper Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9741981

* 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
Hull Elementary School Primary Regular 777 45 9
Hull Elementary School Middle Regular 777 45 9
Basha High School High Regular 2,646 125 8

Hull Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Hull Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,435
Property Tax -$281
Property Insurance -$73
HOA -$48
Property Management Fees -$99
CASH FLOW
$73

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.

$389,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.98%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$32,985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,026

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$2,0103$2,0504$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 2270 E Palm Beach Drive Chandler, 2
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.85
    •  
  • 2347 E Hazeltine Way Chandler, 1
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.72
    •  
  • 2295 E Cherry Hills Place Chandler, 3
    • 5 beds 4 baths ∙ 2,350 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,350 Sqft ∙ Built 2000
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.87
    •  
  • 2686 E Westchester Drive Chandler, 4
    • 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 2005
    LEASED 08/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 2619 E Hazeltine Way Chandler, 5
    • 4 beds 2 baths ∙ 2,391 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,391 Sqft ∙ Built 2002
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Bianca R Martorana
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118793
Last Updated: 08/25/2020
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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