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3011 S Sunland Drive Chandler, AZ 85248

4 Beds 2 Baths 2,139 sqft Built 2013

$475,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $222.07
  • 2 Days on Market
  • MLS # : 6169233
  • Updated Date : 12/12/2020 at 13:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,139 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Gorgeous! Immaculate 4bed-PLUS, 5th Bed, Den or Office. 2 full baths. GREAT ROOM floor plan. Near elegant SW Chandler's 'Ocotillo' area. Premium extras w/about $85k in builder upgrades: Chef's Kitchen w/higher-end appliances, premium grade darker cabinets w/metal handles, quiet closers, tiled back-splash, stunning granite counters & under stainless sink keeping you in the family fun facing the great room & patio. About 1,200sf larger Travertine Tile. Awesome Master Suit, walk-in closet & sliding barn style door for bathrm privacy. Dimming recess lighting. Water softener & R/O System. Custom Shutters on all Windows. Designer inspired yard. Patio island w/premium BBQ for entertaining guests. Pavers galore w/enchanting low-volt lighting.Recent upgrades to the property includes:

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
Basha Elementary School Primary Regular 758 42 8
Basha Elementary School Middle Regular 758 42 8
Hamilton High School High Regular 3,740 190 8

Basha Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Basha Elementary School

  • Education Level: Middle
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Hamilton High School

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

$427,500$522,500$475,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,753
Property Tax -$277
Property Insurance -$69
HOA -$96
Property Management Fees -$99
CASH FLOW
-$163

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.

$475,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$18,207

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
  • $2,219

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,1004$2,1255$2,150
$2,150
RENT COMPS ANALYSIS
  • 3011 S Sunland Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,139 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,139 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 135 E Roadrunner Drive Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 2016
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.05
    •  
  • 2905 S Colorado Street Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 2017
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
  • 182 W Hawk Way Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,979 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,979 Sqft ∙ Built 2002
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $1.07
    •  
  • 175 E Bluejay Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2017
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jeannette Sessego
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169233
Last Updated: 12/12/2020
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.

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