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2977 E Teakwood Place Chandler, AZ 85249

5 Beds 3 Baths 3,517 sqft Built 2002

$550,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $156.38
  • 4 Days on Market
  • MLS # : 6189870
  • Updated Date : 02/12/2021 at 15:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,517 sqft
  • Baths : 3 full
Listing Agent

Realty Sense

Listing Agent's Description

Beautiful move-in ready home with many upgrades inside and out. Large living and family rooms plus dining and eat-in kitchen. Kitchen features granite counters and backsplash, center island with breakfast bar, raised panel cabinets, and large walk-in pantry. Upgraded neutral tile on the diagonal in all the right places. Home has recently been painted. Large downstairs bedroom and bath. Huge upstairs loft features custom bar. Huge master with sitting room. Large secondary bedrooms, some with walk-in closets as well. Premium oversized interior lot. Salt water play pool with waterfall. Stamped decking. RV gate. Home has been wired for surround sound. This home is fantastic inside and out.

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,910
Property Tax -$392
Property Insurance -$96
HOA -$19
Property Management Fees -$99
CASH FLOW
$74

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.

$550,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.47%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$35,236

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
  • $2,717

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,5954$2,5955$3,200
$3,200
RENT COMPS ANALYSIS
  • 2977 E Teakwood Place Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,517 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,517 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2737 E Teakwood Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.64
    •  
  • 2146 E San Carlos Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,263 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,263 Sqft ∙ Built 2001
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.80
    •  
  • 2844 E Birchwood Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.74
    •  
  • 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
    property image
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Gary Peruzzini
Realty Sense
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189870
Last Updated: 02/12/2021
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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