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2392 E Waterview Place Chandler, AZ 85249

4 Beds 3 Baths 2,847 sqft Built 2000

$549,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $192.83
  • 5 Days on Market
  • MLS # : 6159055
  • Updated Date : 11/13/2020 at 14:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,847 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Absolutely gorgeous remodeled home in a great community and fantastic Chandler school district! Newly remodeled home has fully upgraded kitchen which includes beautiful granite counter tops, 42''white shaker cabinets w/soft close, farmhouse sink, stainless steel appliances, & new 5 stage R/O system. Beautiful new tile throughout & entire interior has been professionally painted. Remodeled master bathroom and updated secondary bathrooms. Heated spa and pool has new pool filter, heater, and pump. Backyard features new irrigation system, beautiful lush tropical landscaping with citrus trees. Full RV size concrete pad with expanded gated entrance. Professionally installed built-in workshop in 3 car garage. Home won't last due to extremely limited inventory in highly sought after area

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cooper Commons

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Cooper Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9741981

* 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
Hull Elementary School Primary Regular 777 45 9
Hull Elementary School Middle Regular 777 45 9
Basha High School High Regular 2,646 125 8

Hull Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Hull Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,026
Property Tax -$391
Property Insurance -$83
HOA -$13
Property Management Fees -$99
CASH FLOW
-$161

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.

$549,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$23,462

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,591

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4003$2,4504$2,4955$2,850
$2,850
RENT COMPS ANALYSIS
  • 2392 E Waterview Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.86
    •  
  • 2310 E Indian Wells Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,709 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,709 Sqft ∙ Built 2000
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.88
    •  
  • 2793 E Winged Foot Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.84
    •  
  • 2940 E Riviera Place Chandler, AZ 4
    • 5 beds 3 baths ∙ 2,710 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,710 Sqft ∙ Built 2001
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.92
    •  
  • 5751 S Mesquite Grove Way Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 2002
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.00
    •  
PROPERTY LISTING DETAILS
Shannon Clark
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159055
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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