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3791 E Horseshoe Place Chandler, AZ 85249

3 Beds 3 Baths 2,699 sqft Built 2016

$750,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $277.88
  • 4 Days on Market
  • MLS # : 6169715
  • Updated Date : 12/19/2020 at 13:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,699 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

Remarkable Toll Brothers home has the modern look of today with the perfect upgraded touch. Upgraded glass sliding wall opens the living space to the expansive outdoor patio. Master suite features oversized master shower with custom tile surround, dual sinks and large master closet. Additional den area showcases custom built shelving and desk combo... perfect for use as a home office space. Expansive kitchen supported by oversized pantry, stainless steel Wolf appliances, quartz countertops, farmhouse sink and custom tiled backsplash. Custom lighting features and ceiling fans throughout. Perfectly utilized outdoor lighting illuminates the covered outdoor kitchen with built-in BBQ, refrigerator and bar area with seating

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

* 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
Ryan Elementary School Primary Regular 859 42 10
Ryan Elementary School Middle Regular 859 42 10
Perry High School High Regular 3,194 142 7

Ryan Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 42
10
GreatSchools Rating

Ryan Elementary School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 42
10
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,767
Property Tax -$534
Property Insurance -$80
HOA -$74
Property Management Fees -$99
CASH FLOW
-$604

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.

$750,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.39%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,355

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,149
1$2,1492$2,1953$2,2004$2,3005$2,950
$2,950
RENT COMPS ANALYSIS
  • 3791 E Horseshoe Place Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,699 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,699 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.09
    •  
  • 3629 E Lynx Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2009
    property image
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,149
    • $0.89
    •  
  • 3353 E Canyon Way Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2005
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
  • 4157 E Glacier Place Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 2013
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 3077 E Blue Ridge Place Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 2004
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jamie K Bowcut
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169715
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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