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2435 E Browning Place Chandler, AZ 85286

3 Beds 2 Baths 1,302 sqft Built 1996

$355,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
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

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
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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

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

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

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
$1,495
1$1,4952$1,5503$1,5904$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 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
    • $1.22
    •  
  • 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
    • Rent Per SQFT
    •  
    • $1,495
    • $1.15
    •  
  • 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
Kyle J. N. Bates
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189702
Last Updated: 02/05/2021
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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