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3860 E Horseshoe Place Chandler, AZ 85249

4 Beds 4 Baths 2,897 sqft Built 2014

$769,900

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $265.76
  • 4 Days on Market
  • MLS # : 6188124
  • Updated Date : 02/06/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,897 sqft
  • Baths : 3 full , 1 half
Listing Agent

Venture Rei, Llc

Listing Agent's Description

STUNNING Toll Brothers home on largest corner lot in Avian Meadows. No expense was spared in this four bedroom, plus den, 3.5 bath home. The kitchen is a showstopper - granite countertops, SS appliances, backsplash & white shaker style cabinets. AMPLE wood-plank style tile floors throughout. The great room features a 16' wall of glass w/views of your resort like backyard & pool w/outdoor shower, HUGE covered patio, travertine pavers. Upgraded Master suite with standalone tub & HUGE tiled shower. Walk-in closet w/direct access to the laundry room. Guest bedrooms are split from the master. Seller paid $18K to secure the largest lot in subdivision. Ample parking & storage w/3-car garage. This home is truly an entertainers dream! Electric car charger in garage conveys. Chandler Schools!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

* 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
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
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
 

$692,910$846,890$769,900

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,674
Property Tax -$565
Property Insurance -$84
HOA -$75
Property Management Fees -$99
CASH FLOW
-$807

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.

$769,900

PROJECTED PRICE

$2,690

PROJECTED RENT

0.35%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,774

INVESTMENT

$209,774

Down Payment
$192,475
Rehab Estimate
$5,750
Closing Costs
$11,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,674

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,475
Loan Amount $577,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,377

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,687

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,6903$2,7504$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 3860 E Horseshoe Place Chandler, AZ 2
    • 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.93
    •  
  • 3353 E Canyon Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2005
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
  • 4622 S Onyx Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.90
    •  
  • 4073 E Cherrywood Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2012
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.99
    •  
  • 3647 E Blue Ridge Place Chandler, AZ 5
    • 4 beds 4 baths ∙ 3,073 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,073 Sqft ∙ Built 2012
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jonas Funston
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188124
Last Updated: 02/06/2021
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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