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2933 E Nolan Place Chandler, AZ 85249

6 Beds 5 Baths 5,286 sqft Built 2004

$749,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $141.70
  • 2 Days on Market
  • MLS # : 6210106
  • Updated Date : 03/20/2021 at 18:56
CONSTRUCTION
  • Beds : 6
  • Floor Size : 5,286 sqft
  • Baths : 4 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Incredible home in the heart of Chandler. Located in the BACK OF A CUL-DE-SAC, this home boasts 1/3 acre lot, OVER 5000 sf, 6 BEDROOMS, 4.5 BATHS & RARE 4 CAR GARAGE. Huge multiple living areas & bedrooms for multiple flex / next gen living. Backyard paradise with Pebble Tec pool featuring slide & water feature. Multiple outdoor living spaces. Great Chandler schools, shopping, restaurants & freeway access. One of the most desired family locations in the country.Tenant occupied until the end of August, buyer must honor lease.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Riggs Ranch Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Riggs Ranch Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Santan Junior High School Middle Regular 1,291 60 9
Basha High School High Regular 2,646 125 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Basha High School

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

$674,100$823,900$749,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,602
Property Tax -$533
Property Insurance -$130
HOA -$23
Property Management Fees -$99
CASH FLOW
-$97

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$749,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$31,798

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
  • $3,277

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,4954$3,500
$3,500
RENT COMPS ANALYSIS
  • 2933 E Nolan Place Chandler, AZ 1
    • 6 beds 5 baths ∙ 5,286 Sqft ∙ Built 2004 6 beds 5 baths ∙ 5,286 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2087 E Libra Place Chandler, AZ 2
    • 6 beds 4 baths ∙ 5,100 Sqft ∙ Built 2001 6 beds 4 baths ∙ 5,100 Sqft ∙ Built 2001
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.57
    •  
  • 1796 E Tonto Drive Chandler, AZ 3
    • 6 beds 4 baths ∙ 5,467 Sqft ∙ Built 2004 6 beds 4 baths ∙ 5,467 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.64
    •  
  • 2031 E Virgo Place Chandler, AZ 4
    • 6 beds 4 baths ∙ 5,379 Sqft ∙ Built 2002 6 beds 4 baths ∙ 5,379 Sqft ∙ Built 2002
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.65
    •  
PROPERTY LISTING DETAILS
Robert Dickinson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210106
Last Updated: 03/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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