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3862 S Sage Court Chandler, AZ 85248

5 Beds 3 Baths 2,277 sqft Built 1994

$449,900

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $197.58
  • 3 Days on Market
  • MLS # : 6186261
  • Updated Date : 02/05/2021 at 19:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,277 sqft
  • Baths : 2 full , 1 half
Listing Agent

Canam Realty Group

Listing Agent's Description

Welcome Home!!! This Gorgeous 5 Bedroom 2.5 bath home at the Desirable Cypress Point in Ocotillo is in a Fantastic location. Close to Restaurants, Shopping, Snedigar Recreation Center, Schools, Ocotillo Golf Club, and easy access to the I-10 & 202 Fwy's. As soon as you step into this home, you can see the Pride of Ownership with all that has been done. The lower level of this open concept floor plan has beautiful wood and tile flooring. With a Elegant Large Kitchen that has stainless steel appliances, custom tiled back splash, granite counter tops, an island/breakfast bar for extra prep and storage, and a Plethora of gorgeous cabinets. The Master Suite that is Conveniently down stairs offers direct access to the backyard, a dual vanity, separate shower and soaking tub, and a Custom

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Island at Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k469k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: The Island at Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452534

* 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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,563
Property Tax -$326
Property Insurance -$72
HOA -$20
Property Management Fees -$99
CASH FLOW
$51

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.

$449,900

PROJECTED PRICE

$2,130

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$29,002

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
  • $2,220

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0253$2,2004$2,2955$2,599
$2,599
RENT COMPS ANALYSIS
  • 3862 S Sage Court Chandler, AZ 1
    • 5 beds 3 baths ∙ 2,277 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,277 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2213 W Myrtle Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.90
    •  
  • 3760 S Arcadia Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
  • 2261 W Redwood Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,241 Sqft ∙ Built 1994
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.02
    •  
  • 3964 S Sage Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1997
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $1.00
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186261
Last Updated: 02/05/2021
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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