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254 S Rush Circle Chandler, AZ 85226

4 Beds 3 Baths 1,838 sqft Built 1988

$369,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $200.76
  • 5 Days on Market
  • MLS # : 6159135
  • Updated Date : 11/14/2020 at 16:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,838 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Welcome home to Twelve Oaks! A charming neighborhood nestled among large, mature trees, centered around lush, open-space greenbelts. Nestled at the end of the block on a long driveway, no neighbors behind. This 4BR/2.5BA has new carpet, new ceramic hardwood tile floor, vaulted ceilings, huge bedrooms & beautiful two-tone paint throughout. Downstairs you have two flexible living spaces, a bright + open kitchen w/pantry, a fireplace, & 1/2 bath for your guests. Spacious bedrooms each w/ great closets & lots of natural light. Backyard has mature shade trees, covered patio, & a beautiful pebble sheen pool. Front is maintained by the HOA! Walking distance to the renowned Kyrene School District or to great Chandler shopping, dining, Intel + freeways! RV gate. Backs to school w/ walking path!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trade Winds at Twelve Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Trade Winds at Twelve Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9471780

* 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
Kyrene De La Paloma School Primary Regular 502 30 8
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Corona Del Sol High School High Regular 2,781 114 7

Kyrene De La Paloma School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 30
8
GreatSchools Rating

Kyrene Del Pueblo Middle School

  • Education Level: Middle
  • # of students: 829
  • # of teachers: 50
8
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,361
Property Tax -$229
Property Insurance -$63
HOA -$120
Property Management Fees -$99
CASH FLOW
-$83

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.

$369,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,953

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7903$1,7954$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 254 S Rush Circle Chandler, AZ 2
    • 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,838 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.97
    •  
  • 5200 W Saragosa Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1991
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 5469 W Milky Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1996
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.07
    •  
  • 5149 W Saragosa Street Chandler, AZ 4
    • 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 1990
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 4942 W Earhart Way Chandler, AZ 5
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1987
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
PROPERTY LISTING DETAILS
Lisa Wunder
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159135
Last Updated: 11/14/2020
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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