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3112 E Birchwood Place Chandler, AZ 85249

5 Beds 4 Baths 3,606 sqft Built 2003

$710,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $196.89
  • 3 Days on Market
  • MLS # : 6197726
  • Updated Date : 02/26/2021 at 18:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,606 sqft
  • Baths : 3 full , 1 half
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Semi custom 5 bed, 3.5 bath beauty in the desirable gated single level only community of Mesquite Grove Estates. The gorgeous property features a low maintenance desert landscape with private front courtyard, 4 car walk through garage with side entry and plenty of storage. Cozy family room with fireplace & built-in entertainment center; generous formal living/dining; upgraded shutters throughout; gourmet kitchen with new stainless appliances, granite counters, and breakfast bar island. The master bath offers a separate bath and spacious shower, dual sinks, and huge walk-in closet. The backyard is a beautiful oasis comprised of a covered patio, custom pergola, low maintenance desertscape, and gorgeous play pool with water feature. Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mesquite Grove Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Mesquite Grove Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Carlson Elementary School Primary Unknown 726 39 NA
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

Carlson Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 39
NA
GreatSchools Rating

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
 

$639,000$781,000$710,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,466
Property Tax -$506
Property Insurance -$97
HOA -$105
Property Management Fees -$99
CASH FLOW
-$503

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$710,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,508

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,759

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,5953$2,7704$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 3112 E Birchwood Place Chandler, AZ 3
    • 5 beds 4 baths ∙ 3,606 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,606 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.77
    •  
  • 2737 E Teakwood Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.64
    •  
  • 2844 E Birchwood Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.74
    •  
  • 3760 E Leo Place Chandler, AZ 4
    • 6 beds 4 baths ∙ 3,890 Sqft ∙ Built 2004 6 beds 4 baths ∙ 3,890 Sqft ∙ Built 2004
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
  • 2645 E Elmwood Place Chandler, AZ 5
    • 6 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003 6 beds 3 baths ∙ 3,517 Sqft ∙ Built 2003
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kristi Newman
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197726
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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