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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$191,118
LOAN DETAILS
$2,581
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,875 |
| Loan Amount | $524,625 |
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
-
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
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166399
Last Updated: 12/02/2020
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.
