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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $204.24
- 4 Days on Market
- MLS # : 6178166
- Updated Date : 01/14/2021 at 19:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,934 sqft
- Baths : 3 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
An Absolutely BEAUTIFUL home located at the highly desirable gated community of Carino Villas! This 2018 new build has EVERYTHING you would want in a home. 3 bedrooms and 3 Full bathrooms for added convenience. 2nd Bedroom has an En-Suite Bathroom! Wide open floor plan with a spacious kitchen and Great Room. The Kitchen features Quartz Countertops, Tile Backsplash, SS GE Appliances, Upgraded Cabinets and a Plethora of Storage! The Master Bedroom has an En-Suite Bathroom with an Over-sized, Subway Tiled, Luxurious Walk-in-Shower, Double Vanity Sinks, a Private Toilet Room and a Walk-In-Closet to DIE for! Enjoy an Un-Matched Arizona Sunset from your Private Balcony. Corner Lot with a 2-Car Garage, with easy access to the Community Pool and Greenbelt! Are you ready to come Home?
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PRICE & RENT TRENDS
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,210 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$230 | |
| Property Insurance | -$65 | |
| HOA | -$250 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$194
|
||
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.
$395,000
PROJECTED PRICE
$2,210
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| 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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
7.42
YEARS SAVED
$36,759
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,210
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$2,210
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
250 W Queen Creek Road #226 Chandler, AZ 3
- 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,210
- $1.14
-
151 E Bluejay Drive Chandler, AZ 1
- 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 2017
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,100
- $1.08
-
250 W Queen Creek Road #208 Chandler, AZ 2
- 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2017
LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,150
- $1.11
-
250 W Queen Creek Road #217 Chandler, AZ 4
- 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2016
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,300
- $1.19
-
250 W Queen Creek Road #222 Chandler, AZ 5
- 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2017
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,300
- $1.19
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178166
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
