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3842 E Old Stone Circle Chandler, AZ 85249

3 Beds 2 Baths 2,285 sqft Built 2006

$534,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $234.09
  • 2 Days on Market
  • MLS # : 6180934
  • Updated Date : 02/13/2021 at 15:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,285 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

Beautiful 3 bed room plus office in sought-after Old Stone Ranch! Your buyers will love the quartz counters through out! Split floorplan. Extended length garage for 3 cars, or a workshop. Perfect corner lot that has the park next to it! Gas stove, shower tub combo, water softener system, Shasta pool has an in-floor cleaning system, SS appliances, to name a few! Beautiful entryway, tile floors, fantastic kitchen w/extended buffet, eat-in space & breakfast bar plus formal dining room. Cozy family room w/gas fireplace. Huge master w/walk-in closet

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Old Stone Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k554k

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

Neighborhood: Old Stone Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452603

* 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
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Perry High School

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

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$481,410$588,390$534,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,858
Property Tax -$381
Property Insurance -$72
HOA -$36
Property Management Fees -$99
CASH FLOW
-$285

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.

$534,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,499

INVESTMENT

$147,499

Down Payment
$133,725
Rehab Estimate
$5,750
Closing Costs
$8,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,725
Loan Amount $401,175
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,138

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,302

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1603$2,2504$2,2505$2,395
$2,395
RENT COMPS ANALYSIS
  • 3842 E Old Stone Circle Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,285 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,285 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.95
    •  
  • 3850 E Powell Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 2015
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.01
    •  
  • 3954 E Grand Canyon Place Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 2007
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.98
    •  
  • 4190 S Santa Rita Way Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 2008
    property image
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.03
    •  
  • 4059 S Mingus Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,363 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,363 Sqft ∙ Built 2006
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
PROPERTY LISTING DETAILS
Chris Baker
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180934
Last Updated: 02/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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