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2275 S Whetstone Place Chandler, AZ 85286

4 Beds 4 Baths 4,152 sqft Built 2003

$699,500

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $168.47
  • 6 Days on Market
  • MLS # : 6166399
  • Updated Date : 12/02/2020 at 16:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,152 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Magnificent property located in highly sought after Peterson Farms. This 4,152 square foot home is situated on a 15,279 square foot lot; the largest lot in the community! In addition to an RV gate you will love the Porte-Cochere (carriage porch) which is ideal when you have multiple drivers in the family or perfect for guests! The floor plan is very practical with more space and storage than you could dream of! The kitchen has been updated and boasts crisp white cabinetry, granite counters, a very functional bar height counter with seating for four, stainless appliances, and an amazing walk in pantry. Your guests will LOVE staying in their private bedroom downstairs with full bath.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* 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
Haley Elementary School Primary Regular 850 49 9
Haley Elementary School Middle Regular 850 49 9
Perry High School High Regular 3,194 142 7

Haley Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Haley Elementary School

  • Education Level: Middle
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Perry High School

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

$629,550$769,450$699,500

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,581
Property Tax -$498
Property Insurance -$108
HOA -$25
Property Management Fees -$99
CASH FLOW
-$621

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.

$699,500

PROJECTED PRICE

$2,690

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,118

INVESTMENT

$191,118

Down Payment
$174,875
Rehab Estimate
$5,750
Closing Costs
$10,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,581

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,875
Loan Amount $524,625
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,948

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,590
1$2,5902$2,6903$2,7954$2,8505$3,200
$3,200
RENT COMPS ANALYSIS
  • 2275 S Whetstone Place Chandler, AZ 2
    • 4 beds 4 baths ∙ 4,152 Sqft ∙ Built 2003 4 beds 4 baths ∙ 4,152 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.65
    •  
  • 1118 E Euclid Avenue Gilbert, AZ 1
    • 4 beds 5 baths ∙ 3,988 Sqft ∙ Built 2007 4 beds 5 baths ∙ 3,988 Sqft ∙ Built 2007
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.65
    •  
  • 2555 E Honeysuckle Place Chandler, AZ 3
    • 5 beds 4 baths ∙ 3,962 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,962 Sqft ∙ Built 2005
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.71
    •  
  • 3211 E Lark Drive Chandler, AZ 4
    • 5 beds 5 baths ∙ 3,914 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,914 Sqft ∙ Built 2003
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.73
    •  
  • 638 E Elgin Street Gilbert, AZ 5
    • 5 beds 4 baths ∙ 4,242 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,242 Sqft ∙ Built 2004
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.75
    •  
PROPERTY LISTING DETAILS
Mary Jo Santistevan
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166399
Last Updated: 12/02/2020
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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