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3108 W Ironwood Circle Chandler, AZ 85226

4 Beds 3 Baths 2,606 sqft Built 1991

$579,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $222.52
  • 3 Days on Market
  • MLS # : 6157055
  • Updated Date : 11/06/2020 at 09:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,606 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful Family Home- 4 bed+office/den area- 3 full baths-3 car garage only 1/2 mile to freeway and loads of shops and stores. These hardly ever go for sale due to location and great schools ( Kyrene School district). Very open plan with eat in kitchen that opens to family room and loads of windows. Very light and bright with granite counters and newer stainless appliance. House sits in Cul de Sac on quiet dead end street only 5 minutes to freeway and stores. Has one full bedroom and full bath down with Master up with 2 additional bedrooms along with den/office area. This house is exceptional clean ( almost eat off garage floor with newer epoxy floors. The backyard is like something out of ( Better Homes and Garden ( SAME MODEL IN ESCROW 3081 W IRONWOOD UCB FIRST DAY! AT FULL PRICE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Valencia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k414k

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

Neighborhood: Valencia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452017

* 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
Kyrene Del Cielo School Primary Regular 786 41 9
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene Del Cielo School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 41
9
GreatSchools Rating

Kyrene Aprende Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 56
9
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$521,910$637,890$579,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$2,140
Property Tax -$360
Property Insurance -$78
HOA -$15
Property Management Fees -$99
CASH FLOW
-$532

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.

$579,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.5%
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-$10k-$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$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,553

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,332

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,0953$2,1004$2,1605$2,350
$2,350
RENT COMPS ANALYSIS
  • 3108 W Ironwood Circle Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.83
    •  
  • 932 N Hazelton Court Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1992
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.84
    •  
  • 1250 N Firehouse Court Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 1994
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
  • 2660 W Megan Street Chandler, AZ 3
    • 5 beds 3 baths ∙ 2,443 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,443 Sqft ∙ Built 1996
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 3380 W Baylor Lane Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1990
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.96
    •  
PROPERTY LISTING DETAILS
Brent Langbehn
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157055
Last Updated: 11/06/2020
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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