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2819 W Palomino Drive Chandler, AZ 85224

4 Beds 3 Baths 3,408 sqft Built 1976

$880,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $258.22
  • 4 Days on Market
  • MLS # : 6202239
  • Updated Date : 03/06/2021 at 02:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,408 sqft
  • Baths : 3 full
Listing Agent

Phoenix View Realty

Listing Agent's Description

Come and see this wonderful 4 bed, 3 bath property now for sale in Chandler! Located on a huge 1.3 acre lot fully equipped for horses with divided pasture area, stalls and tack storage, you just can't miss the opportunity to make it yours! The home itself boasts grassy landscaping, a 2 car garage with circular drive, RV gate, and more! Inside you will find formal dining and living areas, a spacious game room, and 2 fireplaces. The elegant kitchen offers ample cabinetry with high-end appliances such as a double wall oven, and a lovely breakfast bar. The stunning master bedroom features a large walk-in closet and a full bath with double sinks, as well as separate tub and shower. Also including backyard covered patio, a refreshing diving pool, 3rd bathroom near pool and a cozy gazebo.

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
 

$792,000$968,000$880,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$3,057
Property Tax -$608
Property Insurance -$94
Property Management Fees -$99
CASH FLOW
-$1,197

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.

$880,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.30%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,950

INVESTMENT

$238,950

Down Payment
$220,000
Rehab Estimate
$5,750
Closing Costs
$13,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,057

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $220,000
Loan Amount $660,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,931

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,800
$2,800
RENT COMPS ANALYSIS
  • 2819 W Palomino Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,408 Sqft ∙ Built 1976 4 beds 3 baths ∙ 3,408 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1953 E Palomino Drive Tempe, AZ 2
    • 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1986 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1986
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.85
    •  
  • 6908 S Clark Drive Tempe, AZ 3
    • 5 beds 3 baths ∙ 3,229 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,229 Sqft ∙ Built 1989
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.87
    •  
PROPERTY LISTING DETAILS
Stephen Rook
Phoenix View Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202239
Last Updated: 03/06/2021
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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