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3126 W Stephens Place Chandler, AZ 85226

4 Beds 3 Baths 2,407 sqft Built 1996

$499,950

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $207.71
  • 6 Days on Market
  • MLS # : 6151851
  • Updated Date : 11/07/2020 at 11:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,407 sqft
  • Baths : 2 full , 1 half
Listing Agent

Call Realty, Inc.

Listing Agent's Description

* Chandler Stunner * AMAZING Location * Corner Lot * Cul-De-Sac Lot * Fresh Paint * Kitchen with Island * Granite Counters * Stainless Appliances * Oversized Pool * Fireplace * Upgraded Carpet and Pad * Near Intel * Near Microchip * Near Wells Fargo * Near GM * Near Northrop Grumman * Across from Chandler Mall * Get It Before Its Gone! *

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Cove

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k467k

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

Neighborhood: Sunset Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452094

* 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 Traditional Academy - Sure����o Campus Primary Regular 504 25 8
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene Traditional Academy - Sure����o Campus

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 25
8
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
 

$449,955$549,945$499,950

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,845
Property Tax -$311
Property Insurance -$74
HOA -$23
Property Management Fees -$99
CASH FLOW
-$371

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.

$499,950

PROJECTED PRICE

$1,980

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,237

INVESTMENT

$138,237

Down Payment
$124,988
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,988
Loan Amount $374,963
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,322

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,136

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$2,0954$2,1005$2,400
$2,400
RENT COMPS ANALYSIS
  • 3126 W Stephens Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 790 N Granada Drive Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1995
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.84
    •  
  • 932 N Hazelton Court Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,481 Sqft ∙ Built 1992
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.84
    •  
  • 3199 W Stephens Place Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,421 Sqft ∙ Built 1996
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 832 N Sicily Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1994
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
PROPERTY LISTING DETAILS
Kaushik Sirkar
Call Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151851
Last Updated: 11/07/2020
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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