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2709 N Central Drive Chandler, AZ 85224

3 Beds 2 Baths 1,832 sqft Built 1980

$385,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $210.15
  • 3 Days on Market
  • MLS # : 6193016
  • Updated Date : 02/12/2021 at 20:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,832 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

BEAUTIFUL 3 bed 2 bath Chandler home with POOL! Enter to the bright & open great room w/ dramatic vaulted ceilings and cozy fireplace. Updated kitchen boasts 2 tone Shaker cabinets with brushed nickel hardware, BEAUTIFUL granite counters, subway tile backsplash, and SS appliances, and flows to the dining nook w/ stunning light fixture. Master suite has walk-in closet, private exit to back patio, bath with dual vanity & step-in shower, plus 2 additional bedrooms and full guest bath. Bathrooms offer modern white Shaker vanities, granite counters, updated plumbing & light fixtures, and custom tile shower surrounds. Enjoy wood look tile & laminate flooring, plantation shutters, and updated light fixtures & fans t/o. Private corner lot backyard with HUGE covered patio, pool, RV gate & NO HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Saratoga Square

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $118k358k

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

Neighborhood: Saratoga Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8851981

* 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
Dobson High School High Regular 2,639 122 4

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,337
Property Tax -$218
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$63

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.

$385,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.3%
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$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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$27,803

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,928

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$1,8503$1,9254$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 2709 N Central Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.97
    •  
  • 703 W Marlboro Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1985
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
  • 906 W Barrow Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1980
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.00
    •  
  • 3207 N Brentwood Place Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.10
    •  
  • 1205 W Loughlin Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 1979
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.05
    •  
PROPERTY LISTING DETAILS
Kyle J. N. Bates
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193016
Last Updated: 02/12/2021
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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