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2674 E Remington Place Chandler, AZ 85286

3 Beds 3 Baths 1,790 sqft Built 2005

$349,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $194.97
  • 3 Days on Market
  • MLS # : 6156971
  • Updated Date : 11/05/2020 at 22:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,790 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Great, Central location. Perfect full time or lock and leave home that is close to EVERYTHING! This beautiful home features a downstairs master bedroom and open concept living spaces that flow into your upgraded kitchen with spiced maple cabinetry, granite counter tops, backsplash, pendant lighting and newer high-end KitchenAid appliances. Follow the cherry wood stairs up to another 2 bedrooms and the perfect size loft! Don't forget to notice the newer HVAC unit and perfectly manicured yard with new drip lines and just enough space to be easy maintenance!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho del Ray

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Rancho del Ray

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9361780

* 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
Bologna Elementary School Primary Regular 660 42 5
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Bologna Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 42
5
GreatSchools Rating

Santan Junior High School

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

Perry High School

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

$314,100$383,900$349,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,288
Property Tax -$203
Property Insurance -$62
HOA -$67
Property Management Fees -$99
CASH FLOW
$51

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$349,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$30,570

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
  • $1,763

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,6954$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 2674 E Remington Place Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2600 E Springfield Place #14 Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,744 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 1185 S Roger Way Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 2005
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 2723 E Remington Place Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 2658 E Beretta Place Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2005
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
PROPERTY LISTING DETAILS
Terra A. Mccormick
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156971
Last Updated: 11/05/2020
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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