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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Crystal Bay at Raintree Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Crystal Bay at Raintree Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$122,324
LOAN DETAILS
$1,528
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $109,975 |
| Loan Amount | $329,925 |
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
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2751 W Shannon Court Chandler, AZ 3
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2630 W Megan Street Chandler, AZ 1
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LEASED 01/13/21- Rent
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- $1,950
- $0.97
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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
On Q Property Management
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181785
Last Updated: 01/16/2021
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.
