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2616 E Taurus Place Chandler, AZ 85249

4 Beds 4 Baths 3,929 sqft Built 1999

$1,175,000

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $299.06
  • 6 Days on Market
  • MLS # : 6188768
  • Updated Date : 02/09/2021 at 19:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,929 sqft
  • Baths : 3 full , 1 half
Listing Agent

United Brokers Group

Listing Agent's Description

The gorgeous wrought iron gate will greet you upon entry to this custom, highly desirable, Circle G home. The Great Room will greet you with 14 ft. ceilings, arched cut outs, ceramic tile w/inlay, d/sided fireplace and the AMAZING view of the back yard. Maple cabinetry, Corian surfaces, double ovens, and brand new Subzero refrigerator. Formal D/R w/reverse coffered ceiling and eat in kitchen. Large Primary suite tiled in stunning Limestone, fireplace, and patio access. Primary BA w/double sinks, Kohler faucets t/o, granite counters, jetted tub and walk in shower w/4 shower heads & Slate inlay, huge master closet. Three additional BR's, two share Jack & Jill BR, and fourth BR w/private BA and access to pool. Office w/attached 1/2BA. OVERSIZED resort backyard, staycations will be easy

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Circle G Riggs Ranch Homestead

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $122k900k

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

Neighborhood: Circle G Riggs Ranch Homestead

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $10453897

* 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
Santan Junior High School Middle Regular 1,291 60 9
Basha High School High Regular 2,646 125 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$1,057,500$1,292,500$1,175,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$4,081
Property Tax -$837
Property Insurance -$104
HOA -$13
Property Management Fees -$99
CASH FLOW
-$1,184

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,175,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$317,125

INVESTMENT

$317,125

Down Payment
$293,750
Rehab Estimate
$5,750
Closing Costs
$17,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $293,750
Loan Amount $881,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $3,477

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,3954$3,9005$3,950
$3,950
RENT COMPS ANALYSIS
  • 2616 E Taurus Place Chandler, AZ 5
    • 4 beds 4 baths ∙ 3,929 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,929 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.01
    •  
  • 4610 S Birch Street Chandler, AZ 1
    • 5 beds 4 baths ∙ 3,827 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,827 Sqft ∙ Built 2012
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.84
    •  
  • 1965 E Crescent Way Chandler, AZ 2
    • 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2015
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.86
    •  
  • 2727 E Teakwood Place Chandler, AZ 3
    • 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.85
    •  
  • 2061 E Prescott Place Chandler, AZ 4
    • 5 beds 4 baths ∙ 3,930 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,930 Sqft ∙ Built 2004
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.99
    •  
PROPERTY LISTING DETAILS
Donna Avers
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188768
Last Updated: 02/09/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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