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2431 E Hazeltine Way Chandler, AZ 85249

3 Beds 2 Baths 1,162 sqft Built 2001

INVESTimate

$273,500

List Price

$1,350

$1,215 - $1,485

Rent Est.

$289,855  ( +5.98%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $235.37
  • 12 Days on Market
  • MLS # : 6116449
  • Updated Date : 08/22/2020 at 12:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,162 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

**Attention Investors** Single story, no carpet! 2017 new tile and wood laminate flooring, 2019 new refrigerator, 2017 new stove. It's an ideal 3 bedroom, 2 bath with a 2 car garage, built in 2001. This property has been well maintained and recently updated. Property with tenant on a month-2-month lease at $1,200/month. Zestimate rental rate is $1,595. The same model closed 8.13.20 @ $281K mls 6106589. This property is priced below market to allow for limited access, as-is condition and tenant during Covid and under Governor Ducey's eviction moratorium. This property is not currently appropriate for owner occupy buyer with loans that require owner occupancy.

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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
 

$246,150$300,850$273,500

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,009
Property Tax -$195
Property Insurance -$50
HOA -$80
Property Management Fees -$99
CASH FLOW
-$83

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.

$273,500

PROJECTED PRICE

$1,350

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.98%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,228

INVESTMENT

$78,228

Down Payment
$68,375
Rehab Estimate
$5,750
Closing Costs
$4,103

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,009

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,375
Loan Amount $205,125
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,802

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
  • $1,278

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,5504$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 2431 E Hazeltine Way Chandler, 1
    • 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2443 E Peach Tree Drive Chandler, 2
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2001
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.06
    •  
  • 2262 E Hazeltine Way Chandler, 3
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 2001
    property image
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.14
    •  
  • 2462 E Gleneagle Drive Chandler, 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2002
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.11
    •  
  • 2432 E Palm Beach Drive Chandler, 5
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
PROPERTY LISTING DETAILS
Cynthia Worley
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6116449
Last Updated: 08/22/2020
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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