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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$154,150
LOAN DETAILS
$2,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $140,000 |
| Loan Amount | $420,000 |
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
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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
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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
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6159160
Last Updated: 11/13/2020
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.
