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2710 E Lynx Place Chandler, AZ 85249

4 Beds 4 Baths 3,480 sqft Built 2004

$850,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $244.25
  • 2 Days on Market
  • MLS # : 6197670
  • Updated Date : 02/28/2021 at 00:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,480 sqft
  • Baths : 3 full , 1 half
Listing Agent

United Brokers Group

Listing Agent's Description

Honey STOP the car!!!! This amazing home in Sunrise Meadows Estates is truly a rare find! It has a backyard that every entertainer longs for with a gorgeous salt water pool and spa, custom grotto, waterfall and slide! There is also a huge 20'x20' Ramada that boosts a complete outdoor kitchen that includes a kegerator, sink, refrigerator, huge gas grill, extra outdoor cooking area, a gas fireplace and loads of fun outdoor lighting. This single level, split floor plan semi custom home is located in a gorgeous gated subdivision and is situated perfectly in a cul-de-sac. Some of the special interior features include formal dining and living rooms, a gourmet kitchen with high end stainless steel appliances, granite countertops, a huge island and a large walk in pantry,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunrise Meadows Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k744k

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

Neighborhood: Sunrise Meadows Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453146

* 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
Carlson Elementary School Primary Unknown 726 39 NA
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Carlson Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 39
NA
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
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,952
Property Tax -$605
Property Insurance -$95
HOA -$165
Property Management Fees -$99
CASH FLOW
-$1,057

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.

$850,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$256

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,697

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,5953$2,6954$2,8605$3,100
$3,100
RENT COMPS ANALYSIS
  • 2710 E Lynx Place Chandler, AZ 4
    • 4 beds 4 baths ∙ 3,480 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,480 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $0.82
    •  
  • 2737 E Teakwood Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.64
    •  
  • 2844 E Birchwood Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.74
    •  
  • 2246 E Crescent Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,263 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,263 Sqft ∙ Built 2003
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.83
    •  
  • 1844 E Crescent Way Chandler, AZ 5
    • 4 beds 4 baths ∙ 3,490 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,490 Sqft ∙ Built 2016
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.89
    •  
PROPERTY LISTING DETAILS
Susan Lynn Jordan
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197670
Last Updated: 02/28/2021
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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