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371 W Tulsa Street Chandler, AZ 85225

3 Beds 2 Baths 1,936 sqft Built 1950

$360,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $185.95
  • 4 Days on Market
  • MLS # : 6183943
  • Updated Date : 01/21/2021 at 21:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,936 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

You have to check out this 3 bedroom 2 bath home in Chandler!Out front you have stunning curb appeal with low maintenance yard and covered parking with a 2 car garage, new garage door and opener as well.Inside you have tile, new laminate flooring in bedrooms, dining room and laundry room as well as new paint, windows, doors throughout and natural lighting. Open layout perfect for entertaining by the fireplace and the home features a breakfast bar, and plenty of counter and cabinet space in the kitchen.Large master bedroom and closet with a shower / jetted tub.Outback you have a sparkling blue pool and luscious green grass as well as covered patio. This one definitely won't last long so make sure you check it out today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hoy Homes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $78k320k

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

Neighborhood: Hoy Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7781780

* 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
Hartford Sylvia Encinas Elementary School Primary Regular 756 40 3
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Hartford Sylvia Encinas Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 40
3
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,250
Property Tax -$210
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$36

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.

$360,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$24,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,678

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4953$1,6004$1,660
$1,660
RENT COMPS ANALYSIS
  • 371 W Tulsa Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.86
    •  
  • 891 N Dakota Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1958
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
  • 800 W Erie Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1954
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 889 W Monterey Street Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1969
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
PROPERTY LISTING DETAILS
Anthony R Fortuna
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183943
Last Updated: 01/21/2021
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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