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3402 W Frankfurt Drive Chandler, AZ 85226

3 Beds 3 Baths 1,625 sqft Built 1989

$340,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $209.23
  • 3 Days on Market
  • MLS # : 6178323
  • Updated Date : 01/08/2021 at 23:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,625 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Absolutely fabulous 2-story 3 bedroom 2.5 bath home in the perfectly located community of Bordeaux!!! You will fall in love with this home featuring tile floors all t/o the downstairs...formal dining room off kitchen, large family room with wood burning fireplace and SS appliances w/ LOTS of counter space and storage. Upstairs are 3 spacious bedrooms with updated bathrooms. Master bath has beautifully tiled therapy style shower and two separate super stylish vanities!!! Hall bath has tiled shower and same stylish vanity. Plush carpet all throughout the upstairs too!!! Backyard sits on larger sized lot that backs to greenbelt area and has a covered patio and lots of space to have an herb garden...beautiful flower beds....whatever your heart desires.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bordeaux

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $107k358k

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

Neighborhood: Bordeaux

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9361981

* 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 Del Cielo School Primary Regular 786 41 9
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene Del Cielo School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 41
9
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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,181
Property Tax -$211
Property Insurance -$59
HOA -$77
Property Management Fees -$99
CASH FLOW
$93

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.

$340,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$26,417

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
  • $1,723

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4903$1,6954$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 3402 W Frankfurt Drive Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1133 N Florence Drive Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 1989
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.98
    •  
  • 830 N Granada Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1994
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
  • 3841 W Dublin Street Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1993
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.12
    •  
  • 870 N Madrid Lane Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1994
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.12
    •  
PROPERTY LISTING DETAILS
Jennifer Mirigliani
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178323
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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