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2727 N Price Road #10 Chandler, AZ 85224

2 Beds 2 Baths 1,105 sqft Built 2007

$260,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $235.29
  • 3 Days on Market
  • MLS # : 6202554
  • Updated Date : 03/05/2021 at 00:33
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,105 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

GATED COMMUNITY. Very nice 2 bed/2 bath townhouse. with loft. 1 car epoxy finished garage with storage room. Close to the 101, Chandler mall, Intel, Honeywell and restaurants.Very quiet community with children's play grounds, grassy play area, picnic tables with multiple BBQs and sparkling community pool.Owner/agent.

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
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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$903
Property Tax -$147
Property Insurance -$49
HOA -$180
Property Management Fees -$99
CASH FLOW
$172

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.

$260,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$28,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $1,362

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,3954$1,4005$1,550
$1,550
RENT COMPS ANALYSIS
  • 2727 N Price Road #10 Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,105 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,105 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.40
    •  
  • 2201 N Comanche Drive #1103 Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2001
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.29
    •  
  • 1111 W Summit Place #71 Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1991
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.18
    •  
  • 2727 N Price Road #56 Chandler, AZ 3
    • 2 beds 3 baths ∙ 1,161 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,161 Sqft ∙ Built 2007
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.20
    •  
  • 2100 W Lemon Tree Place #76 Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,110 Sqft ∙ Built 1992
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.26
    •  
PROPERTY LISTING DETAILS
Lori H Sottile
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202554
Last Updated: 03/05/2021
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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