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2532 W Gail Drive Chandler, AZ 85224

3 Beds 2 Baths 1,501 sqft Built 1989

$354,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $236.44
  • 2 Days on Market
  • MLS # : 6155881
  • Updated Date : 11/06/2020 at 21:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,501 sqft
  • Baths : 2 full
Listing Agent

Ips Realty

Listing Agent's Description

Modern, Hi Tech house in a great location. Home has been updated. Kitchen remodeled in 2019 with granite counters, glass tile back splash, oversized farm house sink. French doors to backyard added in 2020. Stain glass type front door. Custom closets w/ drawers. Walk-in closets in all bedrooms. Upgraded tile shower. Tile floor and new carpeting. Ceiling fans in every room. Wi-Fi capable Garage Door opener, Alarm and Sprinkler systems. Garage has an insulated door and a NEMA 14-50 240 outlet for Electric Car charging. SEE DOCUMENT SECTION for list of upgrades. Grass backyard w/ fruit trees. Located near the L-101 for fast access to downtown and the airport. Schools are in walking distance. Shopping, Restaurants and Entertainment is close by.THIS IS A MUST SEE. Contact us to see now!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Chandler Traditional Academy - Goodman Campus Primary Alternative 711 37 10
Chandler Traditional Academy - Goodman Campus Middle Alternative 711 37 10
Chandler High School High Regular 3,176 153 5

Chandler Traditional Academy - Goodman Campus

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
10
GreatSchools Rating

Chandler Traditional Academy - Goodman Campus

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
10
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$319,410$390,390$354,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,309
Property Tax -$207
Property Insurance -$56
HOA -$5
Property Management Fees -$99
CASH FLOW
-$207

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.

$354,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$99,799

INVESTMENT

$99,799

Down Payment
$88,725
Rehab Estimate
$5,750
Closing Costs
$5,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,309

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,725
Loan Amount $266,175
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,862

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,470

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,621

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,6003$1,7004$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 2532 W Gail Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.98
    •  
  • 2509 W Knox Road Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1990
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
  • 1506 N Tamarisk Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1984
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 2274 W Orchid Lane Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,543 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,543 Sqft ∙ Built 1986
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 1048 N Blackstone Drive Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 1994
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.13
    •  
PROPERTY LISTING DETAILS
John Neiman
Ips Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155881
Last Updated: 11/06/2020
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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