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3116 W Golden Lane Chandler, AZ 85226

3 Beds 3 Baths 1,656 sqft Built 1990

INVESTimate

$386,000

List Price

$1,510

$1,359 - $1,661

Rent Est.

$391,674  ( +1.47%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $233.09
  • 6 Days on Market
  • MLS # : 6120583
  • Updated Date : 08/22/2020 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,656 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Tucked away in an unbeatable location near the 101/202 in Chandler, this move-in ready property is just waiting to be enjoyed by the right home buyer. At just under 1700 square feet, this home has 3 bedrooms, 2.5 baths with a sparkling pebbletec POOL located within the coveted Kyrene School District. Close to Chandler Mall and situated in a quiet family neighborhood with parks and bike paths throughout.

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
 

$347,400$424,600$386,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,424
Property Tax -$240
Property Insurance -$59
HOA -$44
Property Management Fees -$99
CASH FLOW
-$356

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.

$386,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.47%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,040

INVESTMENT

$108,040

Down Payment
$96,500
Rehab Estimate
$5,750
Closing Costs
$5,790

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,500
Loan Amount $289,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,974

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,619

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5103$1,5954$1,7005$1,798
$1,798
RENT COMPS ANALYSIS
  • 3116 W Golden Lane Chandler, 2
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.91
    •  
  • 1133 N Florence Drive Chandler, 1
    • 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 1989
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.98
    •  
  • 3130 W Baylor Lane Chandler, 3
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1989
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 2875 W Highland Street #1164 Chandler, 4
    • 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1994
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 3333 W Megan Street Chandler, 5
    • 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 1994
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,798
    • $0.98
    •  
PROPERTY LISTING DETAILS
Michael Allen Brown
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120583
Last Updated: 08/22/2020
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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