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3804 S Ivy Court Chandler, AZ 85248

3 Beds 3 Baths 2,241 sqft Built 1994

$474,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $211.91
  • 5 Days on Market
  • MLS # : 6174892
  • Updated Date : 01/02/2021 at 07:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,241 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gold Trust Realty

Listing Agent's Description

Lovingly Maintained Home in Ocotillo!! Fabulous Cul-De-Sac Location on an Very Private Oversized Lot. This Home is Wonderfully Decorated and Features a Large Gourmet Kitchen with Maple Cabs, Pull-out Shelves, Island & Pantry, Gorgeous Tile & Hardwood Floors, Decor Paint, Upstairs Loft is Currently a Library with Custom Built Bookcases, Oversized Secondary bedroom, Double Door Entry to the Huge Master with Custom B/I Desk. The Lush Private Yard is a North/South Exposure which Overlooks the Sparkling Pool & Waterfall. Enjoy Many Days & Evenings on the Extended Patio with Plenty of Shade Provide by the Retractable Awnings. Tons of Storage with Added Laundry & Garage Cabs.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Island at Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k469k

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

Neighborhood: The Island at Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452534

* 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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$427,410$522,390$474,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,752
Property Tax -$344
Property Insurance -$71
HOA -$20
Property Management Fees -$99
CASH FLOW
-$266

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.

$474,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$11,458

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,028

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9503$1,9954$2,0205$2,200
$2,200
RENT COMPS ANALYSIS
  • 3804 S Ivy Court Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.90
    •  
  • 1990 W Olive Way Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2003
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 2102 W Myrtle Drive Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
  • 2043 W Periwinkle Way Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2001
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 3760 S Arcadia Way Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jenny Jie Sun Mou
Gold Trust Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174892
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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