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3855 S Mcqueen Road #40 Chandler, AZ 85286

3 Beds 3 Baths 1,782 sqft Built 2018

$390,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $218.86
  • 3 Days on Market
  • MLS # : 6209675
  • Updated Date : 03/19/2021 at 20:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,782 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Gracious living in Paseo Vista Village! This beautiful, energy-efficient townhome offers a cozy little courtyard with pavers where you can enjoy a warm cup of coffee. Elegant & neat interior boasts neutral paint, wood-like floor throughout, beautiful light fixtures, formal dining area, and a spacious family room with lots of natural light. Understated beauty & subtle modernity are shown in this white kitchen with stainless steel appliances, shaker cabinets, and granite counters. Master bedroom has a walk-in closet and an immaculate bathroom with large double sink & step-in shower. Enclosed patio is the perfect place to get away & relax after a long day! The community is near many dining, shopping, and entertainment destinations. You will not want to live anywhere else! Hurry to book a show

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
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,355
Property Tax -$278
Property Insurance -$62
HOA -$194
Property Management Fees -$99
CASH FLOW
$3

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.

$390,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$19,483

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,996

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9903$2,0004$2,0995$2,395
$2,395
RENT COMPS ANALYSIS
  • 3855 S Mcqueen Road #40 Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.12
    •  
  • 3801 S Crosscreek Drive Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,697 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,697 Sqft ∙ Built 2004
    LEASED 03/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
  • 298 E Kaibab Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 2013
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
  • 3855 S Mcqueen Road #e28 Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 2018
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $1.18
    •  
  • 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
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.16
    •  
PROPERTY LISTING DETAILS
Taylor Campbell
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209675
Last Updated: 03/19/2021
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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