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3453 S California Street Chandler, AZ 85248

4 Beds 3 Baths 2,717 sqft Built 2009

$465,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $171.14
  • 4 Days on Market
  • MLS # : 6156511
  • Updated Date : 11/06/2020 at 13:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,717 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

WOW! Move-In Ready & Upgraded, Perfect Location w/Very Private Lot! Great Room Floor Plan w/ BEDROOM & FULL BATH DOWNSTAIRS, perfect for Guest! 4 Bedrooms + 3 full baths + Office/Den & a Loft too! Upgraded with Everything! Granite Counters! Cherry Cabinets! Upgraded Stainless appliances w/ Gas Stove! Tinted Windows! Pre-Paid Solar Lease THAT WILL SAVE YOU $1,000's! Heat Radiant Repellant Insulation! Cat-5 and Satellite Wiring in every room! Pre-wired Surround sound everywhere! Water Softener! Epoxied & Extended 3 car garage! Tons of Paver in this Pool size lot with Playground in your own backyard! Walk to Shops and Restaurants! Right next to Hamilton High School & walking distance to Basha Elementary! Simply too many custom features to mention! Best Deal in 85248! Call your agent now!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k377k

* 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
Basha Elementary School Primary Regular 758 42 8
Basha Elementary School Middle Regular 758 42 8
Hamilton High School High Regular 3,740 190 8

Basha Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Basha Elementary School

  • Education Level: Middle
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

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

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,716
Property Tax -$271
Property Insurance -$80
HOA -$29
Property Management Fees -$99
CASH FLOW
$165

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

$2,360

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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 40% 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

7.33

YEARS SAVED

$49,668

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,520

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,3604$2,4005$2,995
$2,995
RENT COMPS ANALYSIS
  • 3453 S California Street Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.87
    •  
  • 2936 S Washington Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 2961 S Colorado Street Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 760 W Yellowstone Way Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2012
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
  • 392 W Aster Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2006
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.03
    •  
PROPERTY LISTING DETAILS
Henry Wang
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156511
Last Updated: 11/06/2020
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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