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3281 N Ash Circle Chandler, AZ 85224

3 Beds 2 Baths 1,047 sqft Built 1984

$285,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $272.21
  • 4 Days on Market
  • MLS # : 6159347
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,047 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Darling single story home in Chandler. Freshly painted inside and out, this home features 3 bedrooms and 2 baths. Kitchen has new stainless appliances and plenty of storage. New neutral carpet and newer tile. Primary Bedroom has separate exit and private patio. Easy care landscaping, 1 car garage and Elementary and Jr High within walking distance. Seller offering 1 year Home Warranty.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Woodglen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Woodglen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8611780

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Dobson High School High Regular 2,639 122 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$1,052
Property Tax -$161
Property Insurance -$48
HOA -$7
Property Management Fees -$99
CASH FLOW
-$196

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$285,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,268

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
  • $1,204

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4504$1,4955$1,499
$1,499
RENT COMPS ANALYSIS
  • 3281 N Ash Circle Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,047 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,047 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2010 W Western Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1979
    property image
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.19
    •  
  • 3454 N Apache Court Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1986
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 1223 W Boxelder Circle Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1986
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.12
    •  
  • 2257 W Obispo Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1976
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.20
    •  
PROPERTY LISTING DETAILS
Linda L. Muncey
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159347
Last Updated: 11/13/2020
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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