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3374 E Cardinal Way Chandler, AZ 85286

4 Beds 4 Baths 3,350 sqft Built 2005

$650,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $194.03
  • 3 Days on Market
  • MLS # : 6189578
  • Updated Date : 02/07/2021 at 00:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,350 sqft
  • Baths : 3 full , 1 half
Listing Agent

Prosmart Realty

Listing Agent's Description

Beautiful Semi Custom Home Located in the Heart of Chandler! From the moment you enter the 12 foot ceilings and beams have you feeling like this is your forever home! Gourmet Kitchen with large island, custom pantry with beverage bar and a huge eat in area surrounded by windows. Did I mention this part of the community is single level homes so no one is obstructing your view or sun! This home boasts homeownership pride and is located near shopping, entertaining and the 202!

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
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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,258
Property Tax -$463
Property Insurance -$92
HOA -$25
Property Management Fees -$99
CASH FLOW
-$407

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.

$650,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.39%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,781

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4503$2,5304$2,9505$3,200
$3,200
RENT COMPS ANALYSIS
  • 3374 E Cardinal Way Chandler, AZ 3
    • 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.76
    •  
  • 4598 S Burma Road Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,189 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,189 Sqft ∙ Built 2007
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.75
    •  
  • 1281 E Baranca Road Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.81
    •  
  • 2807 E Desert Broom Place Chandler, AZ 4
    • 5 beds 4 baths ∙ 3,667 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,667 Sqft ∙ Built 2005
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.80
    •  
  • 3366 E Raven Drive Chandler, AZ 5
    • 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.96
    •  
PROPERTY LISTING DETAILS
Lori A Gelder
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189578
Last Updated: 02/07/2021
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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