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2841 E San Tan Street Chandler, AZ 85225

3 Beds 2 Baths 1,913 sqft Built 1998

$415,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $216.94
  • 3 Days on Market
  • MLS # : 6162837
  • Updated Date : 11/20/2020 at 07:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,913 sqft
  • Baths : 2 full
Listing Agent

Platinum Service Realty

Listing Agent's Description

Beautifully maintained 3 bed, 2 bath home in a fabulous Chandler location! Spacious 1,913 sq ft great room plan that includes formal dining room. The eat-in kitchen features abundant 36'' oak cabinetry, granite counters, gas range, 2019 RO system, kitchen island, breakfast bar, updated over-counter lighting, cozy dining nook and EZ access to the backyard. The large master retreat is carpeted, has separate exit to the covered patio and an attached bath with double sink vanity, separate tub /shower, and roomy walk-in closet. Backyard has new custom California pool, Kool decking, new synthetic turf, LED security lighting. Other amenities include Oak plantation shutters, new front door, 2019 new A/C and furnace. 3 car extended garage with epoxy floors, new service door, overhead storage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobson Place

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k366k

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

Neighborhood: Dobson Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Chandler Traditional Academy - Liberty Campus Primary Regular 709 35 10
Chandler Traditional Academy - Liberty Campus Middle Regular 709 35 10
Perry High School High Regular 3,194 142 7

Chandler Traditional Academy - Liberty Campus

  • Education Level: Primary
  • # of students: 709
  • # of teachers: 35
10
GreatSchools Rating

Chandler Traditional Academy - Liberty Campus

  • Education Level: Middle
  • # of students: 709
  • # of teachers: 35
10
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,531
Property Tax -$242
Property Insurance -$64
HOA -$15
Property Management Fees -$99
CASH FLOW
-$112

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.

$415,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

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

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$19,230

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
  • $1,951

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7004$1,8505$2,195
$2,195
RENT COMPS ANALYSIS
  • 2841 E San Tan Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 330 E Constitution Drive Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 381 N Bell Place Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1998
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
  • 2801 E Carla Vista Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1999
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.05
    •  
  • 292 N Wilson Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 2015
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.04
    •  
PROPERTY LISTING DETAILS
Michael J Dingman
Platinum Service Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162837
Last Updated: 11/20/2020
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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