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3770 W Barcelona Drive Chandler, AZ 85226

3 Beds 3 Baths 1,593 sqft Built 1993

$340,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
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!

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

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

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$20k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

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
$1,695
1$1,6952$1,7003$1,7804$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 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
Casey Galloway
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171438
Last Updated: 12/19/2020
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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