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3490 W Ross Drive Chandler, AZ 85226

3 Beds 2 Baths 2,151 sqft Built 1995

$500,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $232.45
  • 4 Days on Market
  • MLS # : 6208896
  • Updated Date : 03/20/2021 at 20:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,151 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Excellent Location, Beautiful and move in ready single level home with a brand NEW ROOF and WATER HEATER. Newer A/C unit with fresh paint inside and out. Pool has been resurfaced to pebble texture recently and the list goes on and on. Conveniently located near all 3 major freeways (101, 202 and US 60). Short distance to Shopping, dining, entertainment and Less than one mile from the Chandler Fashion Center. 3 bed/2 bath with a den for an office/extra living area. North/South exposure, vaulted ceilings and numerous windows allow for ample of natural sunlight throughout the house. French doors exit to a spacious backyard with a covered patio and a pool for all to enjoy. Must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: D'arcy Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k378k

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

Neighborhood: D'arcy Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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 Traditional Academy - Sure����o Campus Primary Regular 504 25 8
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene Traditional Academy - Sure����o Campus

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 25
8
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
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,737
Property Tax -$311
Property Insurance -$69
HOA -$10
Property Management Fees -$99
CASH FLOW
-$175

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.

$500,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$15,414

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,065

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0504$2,0505$2,095
$2,095
RENT COMPS ANALYSIS
  • 3490 W Ross Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.95
    •  
  • 1171 N Tercera Court Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1993
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 3400 W Del Rio Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 1993
    property image
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 902 N Sicily Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1995
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.95
    •  
  • 3293 W Megan Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 1994
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jessica Eid
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208896
Last Updated: 03/20/2021
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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