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3751 W Barcelona Drive Chandler, AZ 85226

3 Beds 3 Baths 2,062 sqft Built 1993

$420,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $203.69
  • 4 Days on Market
  • MLS # : 6199537
  • Updated Date : 03/04/2021 at 23:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,062 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

FANTASTIC HOME IN A VERY DESIRABLE CHANDLER NEIGHBORHOOD. CLOSE TO FREEWAYS AND CHANDLER FASHION CENTER. BEAUTIFUL FRONT ROOM WITH HUGE WINDOWS AND VERY HIGH CEILING. EAT IN KITCHEN WITH BAY WINDOW OVERLOOKS A GRASSY BACKYARD WITH LUSH LANDSCAPING, COVERED PATIO WITH EXTENDED AREA FOR ENTERTAINING. GREAT ROOM WITH FIREPLACE IS PERFECT FOR FAMILY GATHERINGS. LARGE PRIMARY BEDROOM WITH SPACIOUS WALK-IN CLOSET. LOFT COULD BE CONVERTED TO A 4TH BEDROOM. VERY REASONABLE HOA FEES. ALL APPLIANCES CONVEY. SELLER HAS FLEXIBILITY FOR QUICK CLOSE

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* 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
Kyrene Del Cielo School Primary Regular 786 41 9
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene Del Cielo School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 41
9
GreatSchools Rating

Kyrene Aprende Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 56
9
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,459
Property Tax -$261
Property Insurance -$67
HOA -$2
Property Management Fees -$99
CASH FLOW
$62

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.

$420,000

PROJECTED PRICE

$1,950

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$29,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,959

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8953$1,9004$1,9505$1,950
$1,950
RENT COMPS ANALYSIS
  • 3751 W Barcelona Drive Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 3783 W Shannon Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1991
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 3957 W Roundabout Circle Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2005
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
  • 1179 N Madrid Lane Chandler, AZ 3
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1988
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 1171 N Tercera Court Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1993
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
PROPERTY LISTING DETAILS
Irene Ewers
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199537
Last Updated: 03/04/2021
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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