Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3264 E Cardinal Court Chandler, AZ 85286

4 Beds 4 Baths 2,682 sqft Built 2003

$474,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $177.07
  • 3 Days on Market
  • MLS # : 6154907
  • Updated Date : 11/02/2020 at 22:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,682 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

20 years SOLAR prepay lease, already paid off the lease. This well-maintained 4 bedroom 3.5 bathroom home sits on a cul-de-sac lot next to large greenbelt. Entry features a court yard, rotunda entryway, and solid wood door. Recently remodeled, home is fully upgraded. Huge gourmet kitchen is a chef's dream with staggered upgraded cabinets and crown molding, high-end stainless steel appliances, and large island with Venetian Gold granite counter and 4'' backsplash. Interior has fresh neutral paint, plantation shutters throughout. Custom hardwood flooring in all the traffic area with upgraded all and wood tile in the bedrooms and bathrooms. Subdivision is located in desirable Chandler near shopping, dining, and just south of 202 freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paseo Trail North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k474k

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

Neighborhood: Paseo Trail North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452303

* 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
Haley Elementary School Primary Regular 850 49 9
Haley Elementary School Middle Regular 850 49 9
Perry High School High Regular 3,194 142 7

Haley Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Haley Elementary School

  • Education Level: Middle
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Perry High School

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

$427,410$522,390$474,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,752
Property Tax -$338
Property Insurance -$79
HOA -$28
Property Management Fees -$99
CASH FLOW
-$146

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.

$474,900

PROJECTED PRICE

$2,150

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$19,436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,327

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1953$2,2504$2,3005$2,349
$2,349
RENT COMPS ANALYSIS
  • 3264 E Cardinal Court Chandler, AZ 1
    • 4 beds 4 baths ∙ 2,682 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,682 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.80
    •  
  • 3280 S Santa Rita Way Chandler, AZ 2
    • 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.86
    •  
  • 3454 E Sparrow Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2003
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 3842 E Desert Broom Drive Chandler, AZ 4
    • 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2018
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.90
    •  
  • 837 E Wimpole Avenue Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2012
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.87
    •  
PROPERTY LISTING DETAILS
Michael Tran
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154907
Last Updated: 11/02/2020
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.

BESbswy