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231 N Nash Way Chandler, AZ 85225

3 Beds 3 Baths 2,036 sqft Built 1999

$399,500

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $196.22
  • 8 Days on Market
  • MLS # : 6157962
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,036 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hegazy Realty

Listing Agent's Description

Gorgeous Chandler home with all the room and upgrades you want. 3 bed, 2.5 bath corner lot property in great condition and nice curb appeal. Lots of upgrades with tile flooring thru out the ground floor, living room w/soaring ceilings that adds to the spacious feel. Gorgeous kitchen with SS appliances, maple cabinets w/crown molding, mosaic back-splash, granite countertops, and breakfast bar. Upstairs has nice size loft perfect for a TV/family area. Master suite has full bath with large vanity, separate tub/shower, and walk-in closet. Large backyard includes covered patio, lawn, flagstone extended patio, and built-in BBQ. Great home that won't last at this price.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobson Place

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k366k

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

Neighborhood: Dobson Place

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
Chandler Traditional Academy - Liberty Campus Primary Regular 709 35 10
Chandler Traditional Academy - Liberty Campus Middle Regular 709 35 10
Perry High School High Regular 3,194 142 7

Chandler Traditional Academy - Liberty Campus

  • Education Level: Primary
  • # of students: 709
  • # of teachers: 35
10
GreatSchools Rating

Chandler Traditional Academy - Liberty Campus

  • Education Level: Middle
  • # of students: 709
  • # of teachers: 35
10
GreatSchools Rating

Perry High School

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

$359,550$439,450$399,500

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,474
Property Tax -$233
Property Insurance -$67
HOA -$14
Property Management Fees -$99
CASH FLOW
-$167

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.

$399,500

PROJECTED PRICE

$1,720

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,618

INVESTMENT

$111,618

Down Payment
$99,875
Rehab Estimate
$5,750
Closing Costs
$5,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,474

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,875
Loan Amount $299,625
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,045

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7493$1,8504$1,9955$2,195
$2,195
RENT COMPS ANALYSIS
  • 231 N Nash Way Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.84
    •  
  • 2306 E Toledo Place Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1998
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.85
    •  
  • 72 N Amber Court Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1994
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 311 N Brookside Street Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1994
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 292 N Wilson Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 2015
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.04
    •  
PROPERTY LISTING DETAILS
Moe A Hegazy
Hegazy Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157962
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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