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2904 W Straford Drive Chandler, AZ 85224

4 Beds 2 Baths 2,055 sqft Built 1979

$410,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $199.51
  • 4 Days on Market
  • MLS # : 6160513
  • Updated Date : 11/19/2020 at 11:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,055 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

BEAUTIFUL 4 bed 2 bath FULLY REMODELED home in Chandler! Great curb appeal with turf yard & paver patio. Kitchen boasts classic Shaker cabinetry, stainless steel appliances, lovely quartz counters, mosaic tile backsplash, and island with pendant lights. Entertain family & friends in spacious great room, or gather in the formal dining space with cozy fireplace. Spacious master suite with his & hers closets, luxurious bath with dual vanity, shower with rain shower head, upgraded plumbing & light fixtures, and private exit to backyard, plus large secondary bedrooms, and full guest bath. NEW roof, A/C, dual pane windows, and updated flooring, there's nothing to do but move in! Backyard oasis has covered patio, grassy yard, and resurfaced pebble tec pool with water feature. RV gate & NO HOA!

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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Dobson High School High Regular 2,639 122 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,513
Property Tax -$232
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
$19

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.

$410,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.47%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$30,890

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,122

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$1,9503$2,0504$2,1005$2,299
$2,299
RENT COMPS ANALYSIS
  • 2904 W Straford Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.94
    •  
  • 2626 W Onza Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1976
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.03
    •  
  • 2807 W Rosewood Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.06
    •  
  • 2055 E Orion Street Tempe, AZ 4
    • 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1979
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 1976 E Divot Drive Tempe, AZ 5
    • 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 1995
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.06
    •  
PROPERTY LISTING DETAILS
Kyle J. N. Bates
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160513
Last Updated: 11/19/2020
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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