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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $235.65
- 3 Days on Market
- MLS # : 6199302
- Updated Date : 02/26/2021 at 23:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,680 sqft
- Baths : 2 full , 1 half
Listing Agent
Zillow Homes Inc
Listing Agent's Description
Photos coming soon. This pristine 3 bedroom, 2.5 bathroom townhouse with an attached 2 car garage is what you've been looking for! The kitchen boasts granite countertops, beautiful cabinetry, and an island with a breakfast bar. Head upstairs to the privacy of the primary bedroom suite with its walk-in closet and connected bathroom with double vanity sinks. The gated Ocotillo Community features many amenities such as a community pool, a biking/walking path, and clubhouse. Fantastic location with the Ocotillo Golf Club within the community and about a 10 minute drive from downtown Chandler!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: The Octotillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Octotillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,375 |
| Property Tax | -$287 | |
| Property Insurance | -$60 | |
| HOA | -$331 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$152
|
||
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.
$395,900
PROJECTED PRICE
$2,000
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$110,664
LOAN DETAILS
$1,375
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,975 |
| Loan Amount | $296,925 |
2.58
YEARS SAVED
$8,134
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$1,999
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
2477 W Market Place #22 Chandler, AZ 3
- 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,000
- $1.19
-
2477 W Market Place #44 Chandler, AZ 1
- 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2017
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,795
- $1.07
-
2477 W Market Place #55 Chandler, AZ 2
- 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2016
LEASED 02/08/21- Rent
- Rent Per SQFT
- $2,000
- $1.19
-
2477 W Market Place #6 Chandler, AZ 4
- 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2016
LEASED 03/29/20- Rent
- Rent Per SQFT
- $2,100
- $1.25
-
2477 W Market Place #32 Chandler, AZ 5
- 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2017
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.25
PROPERTY LISTING DETAILS
Zillow Homes Inc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199302
Last Updated: 02/26/2021
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.
