Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2663 W Ivanhoe Street Chandler, AZ 85224

4 Beds 3 Baths 1,876 sqft Built 1995

$550,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $293.18
  • 2 Days on Market
  • MLS # : 6263298
  • Updated Date : 07/13/2021 at 01:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,876 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

This beautiful spacious home is located in a quiet Lake Community in the City of Chandler. The kitchen has been fully remodeled and upgraded with matching appliances and oversized 52'' cabinets of solid wood. There is a luxury sliding doors to the backyard that connect outdoor and indoor living spaces. Each bathroom comes with a LED Mirror, just connect your phone or device to play your favorite music. This amazing floor plan consists of a Bedroom with a full bath and office, a first floor Den, 3BED/2BATH UPSTAIRS, The master suite will give you balcony to enjoy the sunrise and sunset. A PEBBLE TECH POOL installed in 2011.Fast and convenient access To 101 AND 202 freeways. This is the ideal location for quiet luxury living while being near restaurants, shopping and entertainment

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crystal Bay at Raintree Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k361k

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

Neighborhood: Crystal Bay at Raintree Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452083

* 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
Andersen Elementary School Primary Regular 652 31 4
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 31
4
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,910
Property Tax -$320
Property Insurance -$64
HOA -$80
Property Management Fees -$99
CASH FLOW
-$453

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.

$550,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,935

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
  • $1,993

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,0504$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 2663 W Ivanhoe Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2630 W Megan Street Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1996
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 1225 N Woodburne Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1989
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.00
    •  
  • 2621 W Megan Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1996
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.16
    •  
  • 2581 W Megan Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1996
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
PROPERTY LISTING DETAILS
Helen Zhang
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263298
Last Updated: 07/13/2021
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.

BESbswy