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3872 E Desert Broom Drive Chandler, AZ 85286

4 Beds 2 Baths 2,900 sqft Built 2018

$525,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $181.03
  • 2 Days on Market
  • MLS # : 6159342
  • Updated Date : 11/13/2020 at 22:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,900 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Gorgeous home in Layton Lakes! 4 Bed, 2.5 Bath, North/South Facing home that borders common area with view Fencing! Built in 2018, this beautiful home has wood like tile throughout main living area, Formal Dining, half bath on main level and Open Great room Kitchen area. Kitchen comes equipped with White Cabinetry, Gas range, built in microwave, and walk in Pantry. Granite countertops and large Granite Island. Large loft upstairs, Master suite with large Walk in Tile shower, dual sinks and large walk in closet. Upstairs Guest bath has dual sinks, granite countertops and private toilet/shower room. Backyard is beautifully landscaped with pavers and artificial grass. Plumbed for gas BBQ. This one won't last long!

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
Haley Elementary School Primary Regular 850 49 9
Haley Elementary School Middle Regular 850 49 9
Perry High School High Regular 3,194 142 7

Haley Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Haley Elementary School

  • Education Level: Middle
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,937
Property Tax -$374
Property Insurance -$84
HOA -$32
Property Management Fees -$99
CASH FLOW
-$275

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.

$525,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.43%

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-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$13,623

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,726

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3493$2,7954$2,8505$2,895
$2,895
RENT COMPS ANALYSIS
  • 3872 E Desert Broom Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,900 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,900 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 837 E Wimpole Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2012
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.87
    •  
  • 3499 E Desert Broom Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 2017
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.94
    •  
  • 1131 E Bajor Street Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,948 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,948 Sqft ∙ Built 2014
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.97
    •  
  • 3521 E Desert Broom Drive Chandler, AZ 5
    • 5 beds 3 baths ∙ 2,952 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,952 Sqft ∙ Built 2016
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.98
    •  
PROPERTY LISTING DETAILS
Cristen Corupe
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159342
Last Updated: 11/13/2020
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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