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3831 E Horseshoe Place Chandler, AZ 85249

4 Beds 4 Baths 2,897 sqft Built 2016

$760,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $262.34
  • 4 Days on Market
  • MLS # : 6177327
  • Updated Date : 01/08/2021 at 01:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,897 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jk Realty

Listing Agent's Description

You are not going to want to miss out on this Toll Brothers contemporary home that sits on a corner lot in Avian Meadows. Highly upgraded! This is a 4 bedroom w/ den & 3.5 bath. The kitchen is stunning w/ built in microwave and ovens, quartz countertop, stainless steel gas cooktop & appliances, built-in wine glass rack, backsplash and under cabinet lighting. The great room features a 16 foot slider allowing views of your resort like backyard & pool. Upgraded Master suite with standalone tub & HUGE tiled shower. Walk in closet is professionally designed with access to laundry room. Guest bedrooms are split from the master! This home qualifies for a 1% relocation assistants. Ask for details.

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
 

$684,000$836,000$760,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,640
Property Tax -$543
Property Insurance -$84
HOA -$75
Property Management Fees -$99
CASH FLOW
-$270

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.

$760,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.42%

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$25k

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$207,150

INVESTMENT

$207,150

Down Payment
$190,000
Rehab Estimate
$5,750
Closing Costs
$11,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,640

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $190,000
Loan Amount $570,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$21,688

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,767

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,9953$3,0004$3,0005$3,170
$3,170
RENT COMPS ANALYSIS
  • 3831 E Horseshoe Place Chandler, AZ 5
    • 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.09
    •  
  • 4622 S Onyx Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 4073 E Cherrywood Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2012
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.99
    •  
  • 3983 E San Mateo Way Chandler, AZ 3
    • 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,921 Sqft ∙ Built 2013
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.03
    •  
  • 3647 E Blue Ridge Place Chandler, AZ 4
    • 4 beds 4 baths ∙ 3,073 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,073 Sqft ∙ Built 2012
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Keith Howard
Jk Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177327
Last Updated: 01/08/2021
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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