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3021 E Colonial Place Chandler, AZ 85249

4 Beds 2 Baths 1,838 sqft Built 2002

$399,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $217.57
  • 4 Days on Market
  • MLS # : 6169881
  • Updated Date : 12/10/2020 at 15:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,838 sqft
  • Baths : 2 full
Listing Agent

Canam Realty Group

Listing Agent's Description

Great 4 bedroom 2 bathroom home in south Chandler with a den & pool! This property features vaulted ceilings with a separate family room & living room. You have a nice open kitchen with large center island and plenty of countertop space & storage. There is a large master suite with views to your backyard with your master bath offering a separate tub & shower, dual sinks, and a private toilet room! Head out back to see your charming yard featuring a covered patio, sparkling swimming pool, & fireplace! Don't miss out on this home, schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Springfield Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Springfield Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Navarrete Elementary School Primary Regular 845 45 9
Navarrete Elementary School Middle Regular 845 45 9
Basha High School High Regular 2,646 125 8

Navarrete Elementary School

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Navarrete Elementary School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

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

$359,910$439,890$399,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,475
Property Tax -$285
Property Insurance -$63
HOA -$73
Property Management Fees -$99
CASH FLOW
-$5

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.

$399,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$25,889

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,806

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7503$1,8504$1,9905$2,100
$2,100
RENT COMPS ANALYSIS
  • 3021 E Colonial Place Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.08
    •  
  • 2951 E La Costa Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2001
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 2714 E Indian Wells Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 2001
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 2881 E Cherry Hills Drive Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2001
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 2841 E La Costa Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2001
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169881
Last Updated: 12/10/2020
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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