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3855 S Mcqueen Road #26 Chandler, AZ 85286

3 Beds 3 Baths 2,060 sqft Built 2018

$435,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $211.17
  • 2 Days on Market
  • MLS # : 6209985
  • Updated Date : 03/20/2021 at 21:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,060 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Newer energy-efficient townhome with 3 big bedrooms and 2.5 baths. Has over $23,000 in upgrades. Community pool is right in front of home. Open floorplan with a private courtyard that is connected from the living room and kitchen. Kitchen has all the necessary equipment from a five burner gas stove insert, big walk-in pantry, big sink, soft-close cabinets throughout the home, stainless steel appliances, room for a desk, and all the space you need. Upstairs the versatile loft makes a great media space or play room for the kids. Master bedroom has a huge walk-in closet, bathroom has a spacious walk-in shower, dual sinks, and plenty of room in master bedroom. Other two bedrooms are down the hall with a laundry room conveniently upstairs. Absolutely beautiful floorplan.

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
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

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

Perry High School

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

$391,500$478,500$435,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,511
Property Tax -$310
Property Insurance -$67
HOA -$160
Property Management Fees -$99
CASH FLOW
$103

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.

$435,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.52%

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$30,983

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,245

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1504$2,3505$2,395
$2,395
RENT COMPS ANALYSIS
  • 3855 S Mcqueen Road #26 Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3855 S Mcqueen Road #87 Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 3855 S Mcqueen Road #55 Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.04
    •  
  • 3855 S Mcqueen Road #85 Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    property image
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.14
    •  
  • 3855 S Mcqueen Road #109 Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.16
    •  
PROPERTY LISTING DETAILS
Bruce Schacher
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209985
Last Updated: 03/20/2021
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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