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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $200.17
- 3 Days on Market
- MLS # : 6193227
- Updated Date : 02/12/2021 at 23:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,298 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
WOW!! COME SEE THIS RARE AND HARD TO FIND PROPERTY BEFORE IT'S GONE! This hard to find Gem has a PREMIUM LOT backing the canal with no houses behind you for endless views and wonderful privacy! It is also an over 9,000 SF lot size to enjoy space between homes and for the backyard enjoyment. Enjoy Going for a jog or bike ride right behind your home on the canal trail, while also enjoying the view of Layton Lakes right behind the canal! This Home is also very nicely upgraded and one of the most pristine and well taken care of homes you will see in your house search! Step inside to soaring ceiling heights, upgraded tile flooring, Living/Dining, plus large great room to entertain, and a chef's kitchen with lots of storage. Upgraded Maple cabinetry, granite countertops, and island with
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PRICE & RENT TRENDS
Neighborhood: Paseo Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paseo Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$1,598 |
| Property Tax | -$328 | |
| Property Insurance | -$72 | |
| HOA | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$290
|
||
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.
$460,000
PROJECTED PRICE
$2,450
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$127,650
LOAN DETAILS
$1,598
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $115,000 |
| Loan Amount | $345,000 |
8.5
YEARS SAVED
$52,403
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$2,430
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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2933 S Buckskin Way Chandler, AZ 2
- 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2004
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- Rent
- Rent Per SQFT
- $2,450
- $1.07
-
3304 E Hawk Place Chandler, AZ 1
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LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,195
- $0.95
-
3312 E Roadrunner Drive Chandler, AZ 3
- 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2004
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,495
- $1.09
-
3367 E Bluejay Drive Chandler, AZ 4
- 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2003
![property image]()
LEASED 11/03/20- Rent
- Rent Per SQFT
- $2,495
- $1.09
-
3515 E Lantana Drive Chandler, AZ 5
- 3 beds 2 baths ∙ 2,400 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,400 Sqft ∙ Built 2017
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,650
- $1.10
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193227
Last Updated: 02/12/2021
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.
