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3063 E Peach Tree Drive Chandler, AZ 85249

2 Beds 2 Baths 1,788 sqft Built 2004

$365,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $204.14
  • 2 Days on Market
  • MLS # : 6165648
  • Updated Date : 11/28/2020 at 15:44
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,788 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

On an oversized, corner lot w/North-South exposure, this popular plan is AKA ''the party house'' because of its spacious, open floor plan. 2 BR+den featuring a HUGE kitchen w/corian counters, island, pantry, recessed lights & all appliances included opens to a sunny breakfast nook, dining area & great room w/built-in shelving. Double doors lead to the den/office. Laundry room leads to garage w/sink, soft water sys & side service door. Custom paint & woodwork throughout, some crown molding, & NO CARPET! Block/wrought iron fencing encloses the south backyard w/artificial grass & large side yard w/RV gate. All this in gated Solera w/large rec center, 2 heated pools/spas, golf, newly surfaced tennis & pickleball courts, fitness, billiards & more. Enjoy your active adult life, you deserve it!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Solera Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k341k

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

Neighborhood: Solera Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181780

* 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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,347
Property Tax -$260
Property Insurance -$62
HOA -$21
Property Management Fees -$99
CASH FLOW
-$18

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.

$365,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.6%
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

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$24,830

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
  • $1,833

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,900
$1,900
RENT COMPS ANALYSIS
  • 3063 E Peach Tree Drive Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6960 S Four Peaks Way S Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 3930 E Augusta Avenue Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Lauren Sato
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165648
Last Updated: 11/28/2020
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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