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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $213.43
- 4 Days on Market
- MLS # : 6171438
- Updated Date : 12/19/2020 at 08:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,593 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
This Chandler 3 bedroom 2.5 bath home has everything you want in a home. To start it sits on a corner lot so the front and back yard feel more open. As you enter the home you are welcomed with grand high ceilings and a beautiful fireplace. The updated flooring leads you from the living room to the newly remodeled Kitchen with custom cabinets and Quartz countertops that will meet any home chefs needs. The master bedroom is large enough for a king bed and a sitting area as well as a nice sized walk in closet. Come see this home before its gone.Welcome HOME!
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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 | $1,780 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$211 | |
| Property Insurance | -$58 | |
| HOA | -$1 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$156
|
||
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.
$340,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.52%
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
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
7.67
YEARS SAVED
$40,109
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,784
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
3770 W Barcelona Drive Chandler, AZ 3
- 3 beds 3 baths ∙ 1,593 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,593 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,780
- $1.12
-
830 N Granada Drive Chandler, AZ 1
- 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1994
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,695
- $1.02
-
851 N Los Feliz Drive Chandler, AZ 2
- 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1993
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,700
- $1.22
-
3841 W Dublin Street Chandler, AZ 4
- 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1993
LEASED 07/11/20- Rent
- Rent Per SQFT
- $1,850
- $1.12
-
870 N Madrid Lane Chandler, AZ 5
- 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1994
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.12
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171438
Last Updated: 12/19/2020
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.
