Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2931 E Lindrick Drive Chandler, AZ 85249

6 Beds 3 Baths 3,303 sqft Built 2003

$523,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $158.61
  • 1 Days on Market
  • MLS # : 6155342
  • Updated Date : 11/02/2020 at 20:52
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,303 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Sonoran

PRICE & RENT TRENDS

Neighborhood: Sun River

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k427k

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

Neighborhood: Sun River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452240

* 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
Hull Elementary School Primary Regular 777 45 9
Hull Elementary School Middle Regular 777 45 9
Basha High School High Regular 2,646 125 8

Hull Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Hull Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$471,510$576,290$523,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,933
Property Tax -$373
Property Insurance -$92
HOA -$24
Property Management Fees -$99
CASH FLOW
-$180

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.

$523,900

PROJECTED PRICE

$2,340

PROJECTED RENT

0.45%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,584

INVESTMENT

$144,584

Down Payment
$130,975
Rehab Estimate
$5,750
Closing Costs
$7,859

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,975
Loan Amount $392,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$19,967

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
  • $2,329

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2953$2,4004$2,4055$2,900
$2,900
RENT COMPS ANALYSIS
  • 2931 E Lindrick Drive Chandler, AZ 1
    • 6 beds 3 baths ∙ 3,303 Sqft ∙ Built 2003 6 beds 3 baths ∙ 3,303 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4156 E County Down Drive Chandler, AZ 2
    • 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 2004
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.67
    •  
  • 4383 E Desert Sands Drive Chandler, AZ 3
    • 5 beds 3 baths ∙ 3,603 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,603 Sqft ∙ Built 2002
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.67
    •  
  • 2480 E Indian Wells Place Chandler, AZ 4
    • 5 beds 4 baths ∙ 3,631 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,631 Sqft ∙ Built 2000
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,405
    • $0.66
    •  
  • 2645 E Elmwood Place Chandler, AZ 5
    • 6 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003 6 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.82
    •  
PROPERTY LISTING DETAILS
Gregory Warren Wood
Keller Williams Realty Sonoran
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155342
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.

BESbswy