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3340 E Wisteria Place Chandler, AZ 85286

4 Beds 4 Baths 2,936 sqft Built 2016

$465,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $158.38
  • 4 Days on Market
  • MLS # : 6158231
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,936 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Check out this superb move in ready home in the highly sought after Layton Lakes neighborhood. The ground floor is tiled throughout along with 9ft ceilings. The beautiful kitchen is complete with granite counters, GE Slate appliances, gas range, staggered cabinets and walk in pantry. The large den is finished with custom built in shelving. Moving upstairs the loft is perfect for a secondary work space or play room. The master suite is complete with dual vanities, walk in shower and massive walk in closet. Upstairs you will also find three more bedrooms, two full baths and upstairs laundry. The 3 car tandem garage is perfect for a work shop. Layton lakes is filled with an abundance of amenities including tennis & volleyball courts, splash pads, children's playgrounds and many more!

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
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
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,716
Property Tax -$333
Property Insurance -$84
HOA -$32
Property Management Fees -$99
CASH FLOW
$16

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.

$465,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.49%

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$0.0$5.0k$10k$15k$20k

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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$32,653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,686

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2803$2,5004$2,7955$2,895
$2,895
RENT COMPS ANALYSIS
  • 3340 E Wisteria Place Chandler, AZ 2
    • 4 beds 4 baths ∙ 2,936 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,936 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.78
    •  
  • 3454 E Sparrow Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2003
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 2680 E Iris Drive Chandler, AZ 3
    • 4 beds 4 baths ∙ 2,763 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,763 Sqft ∙ Built 2012
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 3499 E Desert Broom Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 2017
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.94
    •  
  • 3521 E Desert Broom Drive Chandler, AZ 5
    • 5 beds 3 baths ∙ 2,952 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,952 Sqft ∙ Built 2016
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.98
    •  
PROPERTY LISTING DETAILS
Alan W.p. Cox
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158231
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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