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304 W Thompson Place Chandler, AZ 85286

3 Beds 2 Baths 2,131 sqft Built 2001

$524,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $246.32
  • 3 Days on Market
  • MLS # : 6198263
  • Updated Date : 02/26/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,131 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Welcome Home to Thompson Place in the sought-after Sienna Heights neighborhood. This cul de sac home has one of the larger lots for the community and includes a RV gate. Curb appeal on this one is off the charts! Tasteful desert landscaping is the perfect foreground for the home. Head inside and be prepared to fall in love. The owner took so much pride in his home. The upgrades on this one are plentiful, please view the Thompson Amenities document in the document tab to see the lengthy upgrades list and the available furniture list for purchase. As you walk in the front door you will immediately start to see some of the tasteful upgrades.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sienna Heights

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k375k

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

Neighborhood: Sienna Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10181936

* 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
 

$472,410$577,390$524,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,823
Property Tax -$306
Property Insurance -$69
HOA -$16
Property Management Fees -$99
CASH FLOW
-$413

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$524,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,823

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,019

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9004$2,1505$2,295
$2,295
RENT COMPS ANALYSIS
  • 304 W Thompson Place Chandler, AZ 3
    • 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 310 W Flamingo Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,203 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,203 Sqft ∙ Built 2002
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 333 W Weatherby Place Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1999
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
  • 291 W Cardinal Way Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 2001
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.01
    •  
  • 643 W Derringer Way Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2020
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.05
    •  
PROPERTY LISTING DETAILS
Eric Brossart
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198263
Last Updated: 02/26/2021
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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