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2633 E Waterview Court Chandler, AZ 85249

4 Beds 2 Baths 1,700 sqft Built 2000

$350,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $205.88
  • 4 Days on Market
  • MLS # : 6193066
  • Updated Date : 02/20/2021 at 21:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Highgarden Real Estate

Listing Agent's Description

Wow! Take a look at this striking single level home nestled in a cul-de-sac lot in desirable Chandler. A true gem from the moment you walk in. This bright open concept interior offers an entryway light fixture in the newest style, a bright living and dining area perfect for your guests, 4 roomy bedrooms, and so much natural light ideal for interior plants. The gleaming eat-in kitchen would make any home chef jealous with its high-end appliances, back-splash, pantry, and a microwave with the latest slim contemporary design. Enjoy relaxing afternoons in this perfectly sized backyard with pavers, covered patio, and so much privacy for more comfort. This incredible property is in a convenient location close to schools, parks shopping, and so much more. You will love this home! Start calling!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cooper Commons

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Cooper Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9741981

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,216
Property Tax -$249
Property Insurance -$60
HOA -$70
Property Management Fees -$99
CASH FLOW
$236

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.

$350,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$40,782

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
  • $1,913

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$2,1004$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 2633 E Waterview Court Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2585 E Indian Wells Place Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,648 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,648 Sqft ∙ Built 2001
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 2841 E La Costa Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2001
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
  • 6322 S Neuman Place Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2001
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.17
    •  
  • 2913 E Runaway Bay Place Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2001
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.19
    •  
PROPERTY LISTING DETAILS
Michael Hargarten
Highgarden Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193066
Last Updated: 02/20/2021
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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