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2751 W Shannon Court Chandler, AZ 85224

4 Beds 3 Baths 1,876 sqft Built 1996

$439,900

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $234.49
  • 2 Days on Market
  • MLS # : 6181785
  • Updated Date : 01/16/2021 at 20:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,876 sqft
  • Baths : 3 full
Listing Agent

On Q Property Management

Listing Agent's Description

Come see this fantastic 4 Bed + office, 3 bath home in Raintree Ranch situated on a corner lot! The home features a downstairs bedroom with a full bath, brand new carpet, granite countertops, stainless steel appliances, a kitchen island, a brand new soft water system, vaulted ceilings, an oversized master suite w/ double sinks & a separate tub+shower, tile in the high traffic areas, a low maintenance yard, epoxy garage floor, an RV gate, and more! HVAC system replaced November 2019 and Roof replaced in March 2020! With all this home has to offer in the heart of Chandler, this will go fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crystal Bay at Raintree Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k361k

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

Neighborhood: Crystal Bay at Raintree Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452083

* 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 Elementary School Primary Regular 652 31 4
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 31
4
GreatSchools Rating

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
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,528
Property Tax -$256
Property Insurance -$68
HOA -$80
Property Management Fees -$99
CASH FLOW
$209

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.

$439,900

PROJECTED PRICE

$2,240

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$25k

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$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$43,582

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,242

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,2003$2,2404$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 2751 W Shannon Court Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.07
    •  
  • 2630 W Megan Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1996
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 853 N Blackstone Court Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 1995
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
  • 2581 W Megan Street Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1996
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
  • 830 N Woodside Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 1995
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.18
    •  
PROPERTY LISTING DETAILS
Eric Dixon
On Q Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181785
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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