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3855 S Mcqueen Road #11 Chandler, AZ 85286

3 Beds 3 Baths 2,285 sqft Built 2018

$430,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $188.18
  • 6 Days on Market
  • MLS # : 6155665
  • Updated Date : 11/05/2020 at 11:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,285 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

This almost new retreat is located in one of the newest/hottest area of Chandler. Tons of new shopping & restaurants, right across form Paseo Vista Park and Dog Park. Offering fresh gray/white color scheme and custom white shutters. The master bedroom is DOWNSTAIRS offering a full private bath and walk in closet w/ classy closets designs. The kitchen offers gas and new (2020) highend S/S appliances, quartz counters, and rich modern cabinets. The main floor offers plenty of entertaining space and custom storage. The upstairs has a huge loft and 2 oversized bedrooms w/ walk in closets & custom storage. The 2 car garage has epoxy floors, water softener, and add'l storage. Just minutes from the 202 freeway, DT Chandler, SanTan Village, Chandler Mall, and Chandler Municipal Airport.

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
Basha Elementary School Primary Regular 758 42 8
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Basha Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Perry High School

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

$387,000$473,000$430,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,587
Property Tax -$309
Property Insurance -$72
HOA -$194
Property Management Fees -$99
CASH FLOW
$190

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.

$430,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.57%

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$0.0$5.0k$10k$15k$20k

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$45,900

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,439

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2953$2,4004$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 3855 S Mcqueen Road #11 Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.07
    •  
  • 3855 S Mcqueen Road #92 Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2020
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.04
    •  
  • 3855 S Mcqueen Road #84 Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2019
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.09
    •  
  • 3855 S Mcqueen Road #68 Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2019
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
  • 3855 S Mcqueen Road #6 Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2020
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.09
    •  
PROPERTY LISTING DETAILS
Marilee E Roberge
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155665
Last Updated: 11/05/2020
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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