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2775 E Colonial Court Chandler, AZ 85249

4 Beds 2 Baths 2,421 sqft Built 2003

$569,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $235.03
  • 59 Days on Market
  • MLS # : 6144285
  • Updated Date : 12/05/2020 at 10:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,421 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Beautiful Upgraded 2,400 sqft 4 bedroom 2 bath Home on over a quarter acre Cul-De-Sac Lot that backs to a Green-Belt with an Entertaining Back Yard. Now that I have your attention come and see for yourself all that this property can offer. As you walk into this property you will notice Upgraded Tile and Carpet with a Gorgeous Built-in Wood Entertainment Niche and Surround Sound in the Great Room, Volume Ceilings, Wood Shutters Built-in Cabinets in Laundry and Security System. Large Kitchen Area with Granite Counters, Upgraded Refaced Cabinets, Stainless Steel Appliance Package with Built-in Microwave, Center Island and Farmers Sink. Master Suite includes Dual Vanities with Granite Counters, Oval Tub, Separate Shower, Water Closet and $6,000 Closet by Design Walk-in Closet.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun River

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k427k

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

Neighborhood: Sun River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452240

* 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
Hull Elementary School Primary Regular 777 45 9
Hull Elementary School Middle Regular 777 45 9
Basha High School High Regular 2,646 125 8

Hull Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Hull Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$512,100$625,900$569,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$2,099
Property Tax -$405
Property Insurance -$74
HOA -$24
Property Management Fees -$99
CASH FLOW
-$612

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.

$569,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,106

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0504$2,0905$2,200
$2,200
RENT COMPS ANALYSIS
  • 2775 E Colonial Court Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.86
    •  
  • 6173 S Bell Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2001
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.84
    •  
  • 2302 E Torrey Pines Place Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2000
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 2295 E Cherry Hills Place Chandler, AZ 3
    • 5 beds 4 baths ∙ 2,350 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,350 Sqft ∙ Built 2000
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.87
    •  
  • 2619 E Hazeltine Way Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,391 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,391 Sqft ∙ Built 2002
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michael Henderson
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6144285
Last Updated: 12/05/2020
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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