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284 W Bluebird Drive Chandler, AZ 85286

5 Beds 3 Baths 3,777 sqft Built 2002

$724,900

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $191.92
  • 3 Days on Market
  • MLS # : 6178325
  • Updated Date : 01/08/2021 at 03:24
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,777 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

This is the home you have been waiting for! Must see this GORGEOUS upgraded home located in the highly desirable gated subdivision of Arden Park with remodeled designer kitchen & bathrooms, newer AC and much more. This popular floor plan is perfect for entertaining and everyday family living with its multi-level, open lay out with expansive functional living spaces. This home has 5 large bedrooms/3 full bathrooms, including one downstairs which is perfect for a bedroom or office. You will love the extra bonus living area which you can customize for a movie room, game room, work out room or the perfect home office space. This home has an amazing private master retreat and luxurious en suite with a large custom closet and built-in shelving.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arden Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k548k

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

Neighborhood: Arden Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452561

* 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
Hancock Elementary School Primary Regular 863 43 8
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Hancock Elementary School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 43
8
GreatSchools Rating

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$652,410$797,390$724,900

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,518
Property Tax -$422
Property Insurance -$101
HOA -$42
Property Management Fees -$99
CASH FLOW
-$321

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.

$724,900

PROJECTED PRICE

$2,860

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.5%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,849

INVESTMENT

$197,849

Down Payment
$181,225
Rehab Estimate
$5,750
Closing Costs
$10,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,225
Loan Amount $543,675
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$18,050

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
  • $3,135

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6953$2,9754$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 284 W Bluebird Drive Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,777 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,777 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 200 W Flamingo Drive Chandler, AZ 2
    • 5 beds 3 baths ∙ 3,557 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,557 Sqft ∙ Built 2002
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.76
    •  
  • 3281 S Sunland Drive Chandler, AZ 3
    • 5 beds 3 baths ∙ 3,701 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,701 Sqft ∙ Built 2007
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $0.80
    •  
  • 247 W Swan Drive Chandler, AZ 4
    • 5 beds 3 baths ∙ 3,631 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,631 Sqft ∙ Built 2003
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.88
    •  
  • 1701 S Jay Place Chandler, AZ 5
    • 5 beds 4 baths ∙ 3,975 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,975 Sqft ∙ Built 2005
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Lynn Tisdale
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178325
Last Updated: 01/08/2021
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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