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2650 S Yucca Street Chandler, AZ 85286

4 Beds 2 Baths 2,394 sqft Built 1996

INVESTimate

$475,000

List Price

$2,130

$1,917 - $2,343

Rent Est.

$502,217  ( +5.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $198.41
  • 5 Days on Market
  • MLS # : 6121445
  • Updated Date : 08/25/2020 at 15:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,394 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful four bedroom plus office, single level home in sought after Clemente Ranch. Lush front and rear yard landscaping with magnificent, over sized view lot backing green belt. Elegant home shows beautifully. Conveniently located near parks, schools and shopping. Brand new Lennox AC unit just installed. Your clients will love this home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Tarwater Elementary School Primary Regular 857 45 9
Tarwater Elementary School Middle Regular 857 45 9
Hamilton High School High Regular 3,740 190 8

Tarwater Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Tarwater Elementary School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,753
Property Tax -$277
Property Insurance -$74
HOA -$50
Property Management Fees -$99
CASH FLOW
-$122

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.

$475,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$21,951

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
  • $2,179

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,1004$2,1005$2,309
$2,309
RENT COMPS ANALYSIS
  • 2650 S Yucca Street Chandler, 1
    • 4 beds 2 baths ∙ 2,394 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,394 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1797 W Goldfinch Way Chandler, 2
    • 4 beds 2 baths ∙ 2,394 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,394 Sqft ∙ Built 1995
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 2690 S Los Altos Drive Chandler, 3
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1996
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 1787 W Canary Way Chandler, 4
    • 4 beds 2 baths ∙ 2,394 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,394 Sqft ∙ Built 1995
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
  • 1913 W Goldfinch Way -- Chandler, 5
    • 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 1996
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,309
    • $0.98
    •  
PROPERTY LISTING DETAILS
Robert Gurule
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121445
Last Updated: 08/25/2020
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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