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2288 S Sean Drive Chandler, AZ 85286

3 Beds 2 Baths 1,233 sqft Built 1998

$325,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $263.58
  • 2 Days on Market
  • MLS # : 6160468
  • Updated Date : 11/13/2020 at 18:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,233 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

You have to check out this amazing 3 bed 2 bath home in Chandler! Out front you have beautiful curb appeal and low maintenance yard with spacious 3 car garage.Inside you have lovely neutral paint, wood flooring, and plenty of natural light throughout. The kitchen features tons of cabinet and countertop space as well as an island / breakfast bar. The laundry room has very unique tile and a custom wood wall with hook installations that's just awesome! Out back through the french doors you have a large backyard with covered patio and luscious green grass with custom fire pit. This home definitely won't last long in this market so make sure you check it out today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Tarwater Elementary School Primary Regular 857 45 9
Tarwater Elementary School Middle Regular 857 45 9
Hamilton High School High Regular 3,740 190 8

Tarwater Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Tarwater Elementary School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,199
Property Tax -$189
Property Insurance -$51
HOA -$12
Property Management Fees -$99
CASH FLOW
-$120

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.

$325,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,672

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
  • $1,480

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5753$1,5954$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 2288 S Sean Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1192 W Bluebird Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1994
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.20
    •  
  • 1346 W Sparrow Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1998
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.15
    •  
  • 2190 S Comanche Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1997
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.22
    •  
  • 1203 W Flamingo Court Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1999
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.23
    •  
PROPERTY LISTING DETAILS
Anna Anderson
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160468
Last Updated: 11/13/2020
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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