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2331 E Aloe Place Chandler, AZ 85286

4 Beds 2 Baths 2,272 sqft Built 2008

$475,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $209.07
  • 2 Days on Market
  • MLS # : 6194111
  • Updated Date : 02/13/2021 at 19:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,272 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Light-filled, spacious home with vaulted ceilings in highly desirable Redwood Estates. Split floor plan separates Mstr from 3 additional rooms for guests and/or Office space. Large Great Rm. Open Eat-in kitchen w/ Island and breakfast bar that extends to Family Rm w/ French doors to back patio. SS Appliances, Quartz Countertops, Maple Cabinets. Elegant Mstr BA, newly redesigned w/beautifully accented wrap-around tile shower, rain-head, large Walkin Closet. Wood-look tile floors (2020) in Great Rm, Mstr BR. New carpet in BRs (2020), 2 of 3 with Walk-in Closets. Fresh interior paint (2021). New Water Heater (2021). Relax and enjoy easy maintenance pavered backyard w/ above ground Spa and built-in BBQ. Near greenbelt. Minutes to parks, shopping, golf, restaurants. Easy access to highway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Redwood Estates Markwood South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k424k

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

Neighborhood: Redwood Estates Markwood South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452034

* 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
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Perry High School

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

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,650
Property Tax -$338
Property Insurance -$71
HOA -$70
Property Management Fees -$99
CASH FLOW
-$98

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.

$475,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$1.4M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$18,066

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
  • $2,124

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,0004$2,0605$2,150
$2,150
RENT COMPS ANALYSIS
  • 2331 E Aloe Place Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,272 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,272 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2307 E Redwood Court Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 2270 E Aloe Place Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2005
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 2127 E Aloe Place Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.94
    •  
  • 2295 E Iris Court Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 2005
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.00
    •  
PROPERTY LISTING DETAILS
Lynnanne M Phillips
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194111
Last Updated: 02/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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