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3842 E Desert Broom Drive Chandler, AZ 85286

5 Beds 3 Baths 2,566 sqft Built 2018

$450,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $175.37
  • 3 Days on Market
  • MLS # : 6167785
  • Updated Date : 12/05/2020 at 09:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,566 sqft
  • Baths : 3 full
Listing Agent

Gold Trust Realty

Listing Agent's Description

Absolutely beautiful 2-story home in highly desirable Layton Lakes! Living room, family room, huge loft, spacious master suite with separate shower & tub, eat-in kitchen, breakfast bar, pantry, laundry room upstairs, granite counters, stainless steel appliances, gas stove, refrigerator, 1 bedroom & full bath downstairs, lots of tile, patio, low maintenance desert landscaping & 2 car garage. Energy efficient features. Lots of community activities including a splash pad & beautiful water features in this subdivision. Easy freeway access & a short drive to restaurants, shopping & more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* 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
Haley Elementary School Primary Regular 850 49 9
Haley Elementary School Middle Regular 850 49 9
Perry High School High Regular 3,194 142 7

Haley Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Haley Elementary School

  • Education Level: Middle
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Perry High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,660
Property Tax -$323
Property Insurance -$77
HOA -$32
Property Management Fees -$99
CASH FLOW
-$92

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.

$450,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.47%

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$1.4M

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$22,091

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,348

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1953$2,3254$2,3495$2,500
$2,500
RENT COMPS ANALYSIS
  • 3842 E Desert Broom Drive Chandler, AZ 1
    • 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 3280 S Santa Rita Way Chandler, AZ 2
    • 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.86
    •  
  • 1263 E Walnut Road Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2005
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.96
    •  
  • 837 E Wimpole Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2012
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.87
    •  
  • 1011 E Wimpole Avenue Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2012
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jason Zhang
Gold Trust Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167785
Last Updated: 12/05/2020
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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