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3855 S Mcqueen Road #66 Chandler, AZ 85286

3 Beds 3 Baths 2,107 sqft Built 2019

$429,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $203.61
  • 3 Days on Market
  • MLS # : 6184646
  • Updated Date : 01/22/2021 at 21:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,107 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mutual Property Advisors, Llc

Listing Agent's Description

This energy efficient, upgraded, smart home, sits next to the park in Paseo Village gated community. The master bedroom was upgraded with a custom closet, and another bedroom features a walk in! The laundry room was built with upgrades to include granite countertops and more storage space. The kitchen has all stainless steel appliances, and pull out drawers in the cabinets. There are upgraded shutters on all windows. Spacious loft upstairs makes for a nice second living room or office space. Granite countertops throughout! Two car garage equipped with epoxy flooring and custom cabinetry. The community not only has a pool, but also is set up with grills ready to bbq at any time! Come see this beautiful townhome today!

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
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,490
Property Tax -$305
Property Insurance -$68
HOA -$194
Property Management Fees -$99
CASH FLOW
$43

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.

$429,000

PROJECTED PRICE

$2,200

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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$24,837

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,197

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,1954$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 3855 S Mcqueen Road #66 Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.04
    •  
  • 3855 S Mcqueen Road #87 Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 3855 S Mcqueen Road #55 Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.04
    •  
  • 3855 S Mcqueen Road #63 Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.07
    •  
  • 3855 S Mcqueen Road #92 Chandler, AZ 4
    • 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
    •  
PROPERTY LISTING DETAILS
Michael Jeklinski, Jr
Mutual Property Advisors, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184646
Last Updated: 01/22/2021
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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