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3536 W Ivanhoe Street Chandler, AZ 85226

3 Beds 2 Baths 1,554 sqft Built 1986

$399,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $257.34
  • 2 Days on Market
  • MLS # : 6196819
  • Updated Date : 02/20/2021 at 15:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,554 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Check out this beautiful home that's like new! Featuring premium upgrades like turf in the front yard, new mechanicals, all new windows, new security door, new luxury vinyl plank flooring throughout with plush carpet on the second floor, fresh trim, new fixtures and outlets and updated bathrooms. The kitchen has been fully updated and has new stainless steel appliances, beautiful stacked stone fireplace and more! The pool has pebble tech, cool decking and the pool pump is only a few years old! You will not want to miss this amazing home! Call for your private showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* 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
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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,389
Property Tax -$249
Property Insurance -$58
HOA -$8
Property Management Fees -$99
CASH FLOW
-$162

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.

$399,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,064

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6503$1,6954$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 3536 W Ivanhoe Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.06
    •  
  • 707 N Country Club Way Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1986
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 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
    •  
  • 3524 W Ivanhoe Street Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 1986
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
  • 3826 W Laredo Street Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1985
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196819
Last Updated: 02/20/2021
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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