Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

348 N Vine Street Chandler, AZ 85225

4 Beds 3 Baths 2,466 sqft Built 1949

$510,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $206.81
  • 4 Days on Market
  • MLS # : 6192822
  • Updated Date : 02/13/2021 at 12:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,466 sqft
  • Baths : 3 full
Listing Agent

United Brokers Group

Listing Agent's Description

This unique second-owner home is sitting on TWO lots in a quaint Chandler neighborhood. Homes rarely come up for sale here. APN 302-53-118 is included making the TOTAL lot size 24,285 sq.ft.-over 1/2 Acre! Flexible floor plan with 4 bedrooms, two master suites & 2713 livable sq. ft. Kitchen remodel in 2019 includes new cabinets, quartz countertops & decorative backsplash. Bathrooms remodeled in 2019. One newer HVAC system and OWNED solar. Gorgeous bamboo flooring throughout. Bonus room off master suite is perfect for a home office, workout space, craft room, etc. Mature fruit trees incl. lemon, lime, grapefruit and peach, flood irrigation and 3 separate outbuildings, one with 1000+ square feet, power and water. RV gate and abundant parking for multiple cars. The possibilities are endless.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Park Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k320k

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

Neighborhood: Sunset Park Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621780

* 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
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$459,000$561,000$510,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,771
Property Tax -$297
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$493

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.

$510,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,702

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,588
1$1,5882$1,750
$1,750
RENT COMPS ANALYSIS
  • 348 N Vine Street Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1949 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.71
    •  
  • 532 W Dublin Street #8 Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,302 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,302 Sqft ∙ Built 1962
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,588
    • $0.69
    •  
PROPERTY LISTING DETAILS
Melissa L. Seliger
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192822
Last Updated: 02/13/2021
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.

BESbswy