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3665 S Jasmine Drive Chandler, AZ 85286

3 Beds 2 Baths 1,890 sqft Built 2012

$370,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $195.77
  • 2 Days on Market
  • MLS # : 6181824
  • Updated Date : 01/16/2021 at 17:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,890 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Very nice great room floorplan with split bedrooms (master on east side of home). Kitchen overlooks living area. Covered patio and Spool in backyard. Check out the pictures for a better view of the many inviting features this home offers.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* 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
Basha Elementary School Primary Regular 758 42 8
Santan Junior High School Middle Regular 1,291 60 9
Hamilton High School High Regular 3,740 190 8

Basha Elementary School

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

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Hamilton High School

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

$333,000$407,000$370,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,285
Property Tax -$236
Property Insurance -$64
HOA -$90
Property Management Fees -$99
CASH FLOW
$55

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.

$370,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.49%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$24,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,989

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8303$1,8754$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 3665 S Jasmine Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.97
    •  
  • 3614 S Jasmine Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2012
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 3612 S Washington Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2013
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.10
    •  
  • 3520 S Arizona Place Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2013
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.06
    •  
  • 290 E Indigo Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2012
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jay Haugen
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181824
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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