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

2725 W Gila Lane Chandler, AZ 85224

3 Beds 2 Baths 2,009 sqft Built 1984

$430,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $214.04
  • 4 Days on Market
  • MLS # : 6205924
  • Updated Date : 03/13/2021 at 16:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,009 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Spacious living in Chandler. High vaulted ceilings with lots of natural light, this freshly painted home has great curb appeal. The kitchen is roomy with eat-in dining, a complete update with new cherry cabinets, flooring, granite, stainless steel appliances, fixtures...nothing has been spared. Enjoy hardwood flooring. Gorgeous wood-trimmed Andersen windows are through out the home. Both bathrooms have had a complete makeover. You'll find stunning views out of the living and master overlooking the backyard. What a place to entertain with a professionally-landscaped backyard and private pool giving a tropical Greek oasis feel with so much green and spots to enjoy. Located down the street from a huge greenbelt and children's park and the acclaimed CTA Goodman Elementary.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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 Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

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
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,494
Property Tax -$250
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$11

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.

$430,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$20k

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$25,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,054

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,920
1$1,9202$1,9903$2,0504$2,0505$2,300
$2,300
RENT COMPS ANALYSIS
  • 2725 W Gila Lane Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.96
    •  
  • 2072 W Ironwood Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 2002
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.95
    •  
  • 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
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.00
    •  
  • 2708 W Gila Lane Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 1984
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.00
    •  
  • 2709 W Gila Lane Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1984
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.14
    •  
PROPERTY LISTING DETAILS
Cheryl Pocock
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205924
Last Updated: 03/13/2021
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