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285 N Nebraska Street Chandler, AZ 85225

3 Beds 2 Baths 1,667 sqft Built 1948

$329,500

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $197.66
  • 2 Days on Market
  • MLS # : 6154978
  • Updated Date : 11/02/2020 at 14:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,667 sqft
  • Baths : 2 full
Listing Agent

Home Style Realty, Llc

Listing Agent's Description

Great Chandler home on large lot. Updated ranch style, three bedroom/2 bath, in the heart of Chandler. Energy efficient windows and stucco surrounded by mature trees making home cool in summer and cozy in winter. Commercial laminate wood and tile throughout home. Walking distance to downtown restaurants, bars, library, farmers market, and downtown activities. Directly behind Chandler High School and the Center for the Arts. Private garage entrance in back with large patio, mature fruit trees, and garden area. RV gate and parking area for large toys or grandparents staying for a visit. Large patio for backyard outdoor living.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Manors

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k320k

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

Neighborhood: Park Manors

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8431780

* 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
Hartford Sylvia Encinas Elementary School Primary Regular 756 40 3
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Hartford Sylvia Encinas Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 40
3
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$296,550$362,450$329,500

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,216
Property Tax -$192
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$76

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.

$329,500

PROJECTED PRICE

$1,490

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,068

INVESTMENT

$93,068

Down Payment
$82,375
Rehab Estimate
$5,750
Closing Costs
$4,943

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,375
Loan Amount $247,125
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$17,232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,609

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4904$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 285 N Nebraska Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.89
    •  
  • 441 N Sunset Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1956
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
  • 891 N Dakota Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1958
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
  • 428 W Dublin Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1962
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
  • 966 N Dakota Street Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1958
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
PROPERTY LISTING DETAILS
Carolina Perez
Home Style Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154978
Last Updated: 11/02/2020
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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