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2592 E Lantana Drive Chandler, AZ 85286

5 Beds 4 Baths 3,929 sqft Built 2005

$665,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $169.25
  • 2 Days on Market
  • MLS # : 6178894
  • Updated Date : 01/09/2021 at 04:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,929 sqft
  • Baths : 3 full , 1 half
Listing Agent

Cpa Advantage Realty, Llc

Listing Agent's Description

The Quiet Streets of Abralee Meadows is a Highly Desired Location in this Fast-Growing community in Chandler. This beautiful 5 Bedroom, 3 and a half Bath home is situated on a North-South lot, with a Private Courtyard Entrance, boasting 3,929 square feet of Living Space! 1 Bedroom and a study/office is on the 1st floor with a bonus room which can be converted to a wine cellar and 4 more bedrooms and a Loft, upstairs! You walk into the tiled entry way, leading you into the Formal Living Room, with high ceilings and neutral color carpet. There are Plantation shutters throughout the home. The Eat-in-Kitchen features stainless steel appliances, double oven, a, kitchen island with plenty of cabinets with granite countertops. (See Supplement)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunwest Trails

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k432k

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

Neighborhood: Sunwest Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10452412

* 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
Haley Elementary School Primary Regular 850 49 9
Haley Elementary School Middle Regular 850 49 9
Perry High School High Regular 3,194 142 7

Haley Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Haley Elementary School

  • Education Level: Middle
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$598,500$731,500$665,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,310
Property Tax -$473
Property Insurance -$104
HOA -$60
Property Management Fees -$99
CASH FLOW
-$106

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.

$665,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$181,975

INVESTMENT

$181,975

Down Payment
$166,250
Rehab Estimate
$5,750
Closing Costs
$9,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,310

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $166,250
Loan Amount $498,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$27,723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,947

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7953$2,7954$2,8505$2,950
$2,950
RENT COMPS ANALYSIS
  • 2592 E Lantana Drive Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,929 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,929 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3082 S Cottonwood Court Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,676 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,676 Sqft ∙ Built 2007
    LEASED 07/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.76
    •  
  • 2555 E Honeysuckle Place Chandler, AZ 3
    • 5 beds 4 baths ∙ 3,962 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,962 Sqft ∙ Built 2005
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.71
    •  
  • 3211 E Lark Drive Chandler, AZ 4
    • 5 beds 5 baths ∙ 3,914 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,914 Sqft ∙ Built 2003
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.73
    •  
  • 2807 E Desert Broom Place Chandler, AZ 5
    • 5 beds 4 baths ∙ 3,667 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,667 Sqft ∙ Built 2005
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.80
    •  
PROPERTY LISTING DETAILS
Chris Anthony Castillo
Cpa Advantage Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178894
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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