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

295 W Lantana Place Chandler, AZ 85248

2 Beds 2 Baths 1,800 sqft Built 2006

$450,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $250.00
  • 4 Days on Market
  • MLS # : 6186359
  • Updated Date : 01/30/2021 at 15:27
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Highly upgraded, IMMACULATE 1800 sqft home! Crown moulding throughout, granite countertops and stainless steel appliances in kitchen with large island and plenty of room for at least four barstools. Beautiful stone fireplace in family room, tile flooring throughout the main living areas and high 9' ceilings. White shutters throughout. This home is currently set up as a two bedroom, two bathrooms PLUS a large den/office/playroom. Den could easily be converted into a large third bedroom! Driveway, walkways and extensive back patio are pavers! Backyard boasts a built in seating area, ready for a fire pit AND has a large built-in island for entertaining. Epoxy garage flooring...and no neighbors behind you, open space!! Don't miss this one! Furniture available on separate bill of sale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k377k

* 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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,563
Property Tax -$262
Property Insurance -$62
HOA -$29
Property Management Fees -$99
CASH FLOW
-$296

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.

$450,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.38%

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-$5.0k$0.0$5.0k$10k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,295

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5004$1,6955$1,720
$1,720
RENT COMPS ANALYSIS
  • 295 W Lantana Place Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,800 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,800 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.96
    •  
  • 705 W Queen Creek Road #2162 Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,618 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,618 Sqft ∙ Built 2003
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 705 W Queen Creek Road #2152 Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,509 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,509 Sqft ∙ Built 2003
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 250 W Queen Creek Road #237 Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,464 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,464 Sqft ∙ Built 2007
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.02
    •  
  • 705 W Queen Creek Road #1051 Chandler, AZ 4
    • 2 beds 3 baths ∙ 1,916 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,916 Sqft ∙ Built 2006
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Suzanne Miller
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186359
Last Updated: 01/30/2021
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.

BESbswy