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3855 S Mcqueen Road #36 Chandler, AZ 85286

3 Beds 3 Baths 2,285 sqft Built 2019

$419,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $183.76
  • 2 Days on Market
  • MLS # : 6155297
  • Updated Date : 11/02/2020 at 19:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,285 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Just like new, move in ready, partially furnished 3 bed 2.5 bath Beauty! The perfect place with the perfect space. Master bedroom on the main level with custom walk in tile shower, dual sinks and amazing closet space. Open great room plan with a highly upgraded kitchen, large island w/granite, separate laundry room,1/2 bath down. Upstairs consists of 2 Large Bedrooms 1 bath plus an oversize loft with lots of natural light. Plantation shutters throughout and so much more! Spacious garage that is neat and clean with plenty of extra parking outside. This Meritage SMART Home built in 2019 is in the perfect location, an end unit with lots of privacy. All this only 2.5 miles from the 202 and close by shopping, dinning, parks and entertainment. You will want to call this one HOME SWEET HOME!

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
 

$377,910$461,890$419,900

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 -$1,549
Property Tax -$299
Property Insurance -$72
HOA -$194
Property Management Fees -$99
CASH FLOW
$237

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$419,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.58%

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) 3.00%
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$25k

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$113,274

INVESTMENT

$113,274

Down Payment
$104,975
Rehab Estimate
$2,000
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$55,761

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
  • $2,439

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,2954$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 3855 S Mcqueen Road #36 Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3855 S Mcqueen Road #92 Chandler, AZ 2
    • 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 3
    • 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 4
    • 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
Kimberly Sanders
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155297
Last Updated: 11/02/2020
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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