Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2388 E Flintlock Place Chandler, AZ 85286

3 Beds 2 Baths 1,650 sqft Built 1997

$335,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $203.03
  • 4 Days on Market
  • MLS # : 6155574
  • Updated Date : 11/07/2020 at 16:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,650 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Don't miss this opportunity to own a clean remodeled Chandler home, on a Cul De Sac! 3 bedroom 2 bath with updates nearlyeverywhere. New quartz countertops, backsplash, updated guest and master bathrooms, tile flooring done in 2015, AC unit completely replaced in 2018, freshly painted exterior and interior. Check out the converted garage space to enjoy as a movie or gameroom. The converted room has ducted AC and has been sound damped. This home won't last long.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pecos Aldea

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Pecos Aldea

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9391780

* 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
Bologna Elementary School Primary Regular 660 42 5
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Bologna Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 42
5
GreatSchools Rating

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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,236
Property Tax -$195
Property Insurance -$59
HOA -$42
Property Management Fees -$99
CASH FLOW
$19

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$335,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$26,541

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,650

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,6754$1,6955$1,850
$1,850
RENT COMPS ANALYSIS
  • 2388 E Flintlock Place Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 2293 E Longhorn Place Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 2306 E Winchester Place Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1996
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.09
    •  
  • 1185 S Roger Way Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 2005
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 2658 E Beretta Place Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2005
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
PROPERTY LISTING DETAILS
Justin D Flitton
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155574
Last Updated: 11/07/2020
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.

BESbswy