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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $272.66
- 4 Days on Market
- MLS # : 6189702
- Updated Date : 02/05/2021 at 21:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,302 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Move-in ready 3 bed 2 bath Chandler home! Bright & open floor plan with soaring vaulted ceilings. Formal living room flows to the updated kitchen w/ bright white cabinets, SS appliances, GAS stove, upgraded counters. Kitchen opens to great room with French doors exiting to backyard. Secondary bedrooms are generously sized and guest bath features NEW vanity with updated plumbing & light fixtures. Master has vaulted ceilings, private French door exit to patio, dual closets, and full bath with updated plumbing & light fixtures. NEW wood look tile in the main living spaces and laminate flooring in the bedrooms - NO CARPET! Private backyard on a N/S corner lot with, covered patio, extended paved seating space, and large yard. Great location near downtown Chandler & Gilbert & easy freeway access
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PRICE & RENT TRENDS
Neighborhood: Pecos Aldea
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pecos Aldea
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$207 | |
| Property Insurance | -$53 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$43
|
||
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.
$355,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
5
YEARS SAVED
$17,876
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$1,582
COMP ESTIMATED VALUE -
$1.22
COMP AVG. RENT PER SQFT
Comps Range
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2435 E Browning Place Chandler, AZ 3
- 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,590
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2380 E Derringer Way Chandler, AZ 1
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1997
LEASED 02/14/20- Rent
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- $1,495
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1231 S Emmett Drive Chandler, AZ 2
- 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 2004
LEASED 09/05/20- Rent
- Rent Per SQFT
- $1,550
- $1.26
-
2316 E Hawken Way Chandler, AZ 4
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.27
-
2261 E Remington Place Chandler, AZ 5
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1997
LEASED 01/08/21- Rent
- Rent Per SQFT
- $1,650
- $1.18
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189702
Last Updated: 02/05/2021
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.
