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3126 E Kingbird Place Chandler, AZ 85286

4 Beds 2 Baths 2,049 sqft Built 2003

$450,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $219.62
  • 4 Days on Market
  • MLS # : 6186761
  • Updated Date : 01/29/2021 at 14:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,049 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

TURN KEY INVESTMENT Opportunity in one of the Hottest Zip Codes in Chandler!! Established luxury rental that is professionally furnished, decorated and fully stocked with electronics, appliances and more. Leased for $2,495/mo through June 30, 2021. Split floorplan with huge Master Suite has private exit to fully fenced backyard with no neighbors behind. Newer Standard Pacific home blt in 2003. Crisp white cabinets, Granite Counters, Stainless Steel Appliances, Pantry and open concept to living. Split Floorplan w/ 3 Additional Bedrooms on opposite side of home with 2nd Full Bathroom. Master Suite has walk in closet, double vanities, private toilet and separate tub and shower. 2 Car attached garage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,563
Property Tax -$320
Property Insurance -$67
HOA -$28
Property Management Fees -$99
CASH FLOW
-$58

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.

$450,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$20,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,993

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$1,9953$2,0004$2,0205$2,200
$2,200
RENT COMPS ANALYSIS
  • 3126 E Kingbird Place Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.99
    •  
  • 3113 E Oriole Way Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 3026 E Kingbird Place Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2003
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 3107 E Kingbird Place Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 2002
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 3192 E Bluebird Place Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2003
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
PROPERTY LISTING DETAILS
Tina Garcia
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186761
Last Updated: 01/29/2021
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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