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3580 S Nebraska Street Chandler, AZ 85248

4 Beds 3 Baths 2,986 sqft Built 1999

$535,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $179.17
  • 3 Days on Market
  • MLS # : 6159375
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,986 sqft
  • Baths : 3 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

THIS IS THE ONE... Welcome Home to this 4 Bedroom, 3 bathroom, 3 Car Garage home in Fox Crossing. Enjoy the BEAUTIFUL backyard OASIS. Cool off in the Grotto POOL and relax in front of the Firepit or Hammock area. The 9' deep, Salt Water, DIVING POOL was installed in 2018. Enter into the first floor where you'll find the Living Room, Formal Dining Room, Kitchen with SS appliances, Kitchen Island/Eat-in Area, Family Room AND ONE BEDROOM DOWNSTAIRS with ONE FULL BATHROOM DOWNSTAIRS. At the top of the stairs on the 2nd level you can relax in the LOFT or settle down into the 3 upstair bedrooms which includes the Master Bedroom/Bathroom with separate tub, shower and walk-in closet, another bedroom with a walk-in closet, a 3rd bedroom and the 3rd full bathroom.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fox Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k438k

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

Neighborhood: Fox Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452242

* 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
Basha Elementary School Primary Regular 758 42 8
Basha Elementary School Middle Regular 758 42 8
Hamilton High School High Regular 3,740 190 8

Basha Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Basha Elementary School

  • Education Level: Middle
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,974
Property Tax -$312
Property Insurance -$85
HOA -$60
Property Management Fees -$99
CASH FLOW
$190

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.

$535,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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$0.0$5.0k$10k$15k$20k$25k$30k

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$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$56,864

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,725

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,7204$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 3580 S Nebraska Street Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,986 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,986 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.91
    •  
  • 461 W Ebony Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,007 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,007 Sqft ∙ Built 1999
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.83
    •  
  • 491 W Ebony Way Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 1999
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 392 W Aster Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.03
    •  
  • 3281 S Vine Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1998
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Connie Steinbach
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159375
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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