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3475 E Bellerive Place Chandler, AZ 85249

2 Beds 2 Baths 1,158 sqft Built 2002

$270,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $233.16
  • 2 Days on Market
  • MLS # : 6157624
  • Updated Date : 11/07/2020 at 03:16
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,158 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Exclusive Active Adult Community with golf course running through it. Solera Chandler is a gated private in-demand community. This is the popular Retreat model with north/south exposure perfect for part year or full year residents. Original owner has meticulously cared for this 2 BR 2 Bath home with Plantation shutters on key windows. This home has soft water & R/O systems, newer A/C (2019), security screen doors front & back, gutters at front door, extra ceiling insulation added at construction, exterior painted & patio roof re-sealed 11/18. Huge Pickleball club, Tennis, Bocce Ball, Active Line Dancing group, Hiking, Computer & Car clubs, Bowling League, Exercise groups, golf, Fitness Center w/separate weight room, ceramics, sewing and lots of clubhouse activities. (more)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Solera Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k341k

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

Neighborhood: Solera Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181780

* 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
Navarrete Elementary School Primary Regular 845 45 9
Navarrete Elementary School Middle Regular 845 45 9
Basha High School High Regular 2,646 125 8

Navarrete Elementary School

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Navarrete Elementary School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$996
Property Tax -$192
Property Insurance -$50
HOA -$21
Property Management Fees -$99
CASH FLOW
$32

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.

$270,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$22,871

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
  • $1,384

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,4254$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 3475 E Bellerive Place Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6337 S Pinaleno Place Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.12
    •  
  • 3579 E Hazeltine Way Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2004
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.24
    •  
  • 6427 S Pinaleno Place Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.30
    •  
  • 3173 E Peach Tree Drive Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
PROPERTY LISTING DETAILS
Kenneth J Gornall
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157624
Last Updated: 11/07/2020
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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