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3921 W Ivanhoe Street #174 Chandler, AZ 85226

2 Beds 3 Baths 1,304 sqft Built 1985

$257,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $197.78
  • 4 Days on Market
  • MLS # : 6154622
  • Updated Date : 11/05/2020 at 10:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,304 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Newly Renovated 2bdrm, 2.5 bath townhome at The Townes at South Meadow. Gorgeous interior with Open Concept, vaulted ceilings, freshly painted throughout, new engineered wood floors, new remodeled staircase with extra storage underneath, charming fireplace and private patio for outdoor entertaining.Stunning, updated eat-in kitchen with new granite counters, new SS appliances, subway tiled backsplash, & plethora of white cabinets w/ new hardware.Perfect home for entertaining. Laundry closet is upstairs, plush carpet, generous sized bedrooms, ample closets, & upscale baths w/designer touches. Lush green landscape throughout the complex & Community Pool. Conveniently located in Chandler with one of AZ's best school districts, close to Chandler Fashion Square, restaurants and the 101

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Townes at South Meadow

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $73k320k

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

Neighborhood: The Townes at South Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181780

* 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
Kyrene Traditional Academy - Sure����o Campus Primary Regular 504 25 8
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene Traditional Academy - Sure����o Campus

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 25
8
GreatSchools Rating

Kyrene Aprende Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 56
9
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$232,110$283,690$257,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$952
Property Tax -$160
Property Insurance -$53
HOA -$150
Property Management Fees -$99
CASH FLOW
-$123

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$257,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,094

INVESTMENT

$74,094

Down Payment
$64,475
Rehab Estimate
$5,750
Closing Costs
$3,869

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,475
Loan Amount $193,425
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,516

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
  • $1,434

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1753$1,3954$1,4505$1,599
$1,599
RENT COMPS ANALYSIS
  • 3921 W Ivanhoe Street #174 Chandler, AZ 1
    • 2 beds 3 baths ∙ 1,304 Sqft ∙ Built 1985 2 beds 3 baths ∙ 1,304 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4650 W Orchid Lane Chandler, AZ 2
    • 2 beds 1 baths ∙ 1,016 Sqft ∙ Built 1982 2 beds 1 baths ∙ 1,016 Sqft ∙ Built 1982
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.16
    •  
  • 4571 W Harrison Street Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 1986
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.03
    •  
  • 3834 W Ivanhoe Street Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 1985
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 636 N Cathy Court Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1986
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.14
    •  
PROPERTY LISTING DETAILS
Kayla Scozzafava
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154622
Last Updated: 11/05/2020
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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