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3100 E Cherry Hills Place Chandler, AZ 85249

4 Beds 2 Baths 2,170 sqft Built 2001

$399,990

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $184.33
  • 3 Days on Market
  • MLS # : 6190609
  • Updated Date : 02/07/2021 at 00:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,170 sqft
  • Baths : 2 full
Listing Agent

Re/max Solutions

Listing Agent's Description

Fantastic opportunity to own this well maintained 4bed/2bath South Chandler home in the heart of Springfield Lakes with easy access to the golf course, heated community pool, children's playground and more. Great curb appeal leads you into the flowing floor plan which offers a formal living/dining with soaring ceilings and a spacious open family room to the kitchen. ALL NEW CARPET THROUGHOUT! Large kitchen boasts a plethora of warm wood cabinetry and a center island. Very spacious Master retreat includes en suite with dual sinks, soaking tub and separate shower. The expansive grassy backyard with covered patio is perfect for pets and play. FANTASTIC, DESIRABLE - SOUTH CHANDLER LOCATION! Do not miss out on this gem. Schedule your private 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
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Basha High School

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

$359,991$439,989$399,990

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,389
Property Tax -$285
Property Insurance -$69
HOA -$73
Property Management Fees -$99
CASH FLOW
-$106

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.

$399,990

PROJECTED PRICE

$1,810

PROJECTED RENT

0.45%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,747

INVESTMENT

$111,747

Down Payment
$99,998
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,998
Loan Amount $299,993
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,474

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,980

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8103$1,9954$2,0005$2,195
$2,195
RENT COMPS ANALYSIS
  • 3100 E Cherry Hills Place Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.83
    •  
  • 6100 S Four Peaks Place Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2001
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 6173 S Bell Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2001
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.84
    •  
  • 3112 E Bellerive Drive Chandler, AZ 4
    • 5 beds 3 baths ∙ 2,059 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,059 Sqft ∙ Built 2001
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 3160 E Doral Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2002
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
PROPERTY LISTING DETAILS
Gregory Hagopian
Re/max Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190609
Last Updated: 02/07/2021
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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