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3550 E Lynx Place Chandler, AZ 85249

4 Beds 3 Baths 3,052 sqft Built 2008

$560,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $183.49
  • 5 Days on Market
  • MLS # : 6159160
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,052 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Absolutely gorgeous 4 bedroom, 3 bathroom home in Old Stone Ranch now available for immediate sale! This spectacular home features a spacious kitchen with granite counters, stainless steel appliances, gas range, kitchen island, upgraded cabinets, and pendant lighting. Family room includes soaring ceilings and an extra bonus room. Full bed/bath downstairs as well as a large laundry room. Upstairs includes a beautiful master suite with large bedroom, bathroom with double sinks, separate tub/shower, and large walk-in closet. Two additional oversized bedrooms + a loft offer plenty of room. Backyard includes pool with fountain, garden area, spacious patio. Energy saving solar panels reduce electric bills. Cul-de-sac lot, only one neighbor, close to schools, shopping, dining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

* 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
Ryan Elementary School Primary Regular 859 42 10
Ryan Elementary School Middle Regular 859 42 10
Perry High School High Regular 3,194 142 7

Ryan Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 42
10
GreatSchools Rating

Ryan Elementary School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 42
10
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,066
Property Tax -$399
Property Insurance -$87
HOA -$36
Property Management Fees -$99
CASH FLOW
-$106

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.

$560,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.46%

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-$5.0k$0.0$5.0k$10k$15k$20k

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$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$28,177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,770

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5804$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 3550 E Lynx Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,052 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,052 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.85
    •  
  • 3297 E Blue Ridge Place Chandler, AZ 1
    • 4 beds 4 baths ∙ 3,046 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,046 Sqft ∙ Built 2004
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.79
    •  
  • 4622 S Onyx Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 4073 E Cherrywood Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2012
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.99
    •  
  • 3983 E San Mateo Way Chandler, AZ 5
    • 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2013
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.03
    •  
PROPERTY LISTING DETAILS
David Courtright
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159160
Last Updated: 11/13/2020
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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