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3930 W Monterey Street #131 Chandler, AZ 85226

2 Beds 2 Baths 935 sqft Built 1986

$245,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $262.03
  • 5 Days on Market
  • MLS # : 6183152
  • Updated Date : 01/20/2021 at 03:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 935 sqft
  • Baths : 2 full
Listing Agent

Tierra Bella Realty

Listing Agent's Description

***NOT FOR RENT*** LOCATION *** EASY MAINTENANCE *** SPLIT BEDROOMS *** This 2 bedroom / 2 bath townhouse is ready for you to view! It's the second unit in from the end and located near the gated community pool! One bedroom down stairs and the other bedroom is upstairs. Both have their own bathroom access from within their respective rooms. The cozy patio has a storage room and also access to the carport. The kitchen offers granite counter tops and matching stainless steel appliances. This location offers easy access to the freeway, schools, parks, Chandler Fashion Mall and lots of restaurant options! At this price, it wont last!

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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$851
Property Tax -$152
Property Insurance -$45
HOA -$150
Property Management Fees -$99
CASH FLOW
-$38

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.

$245,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.51%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,344

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
  • $1,258

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,4804$1,5005$1,675
$1,675
RENT COMPS ANALYSIS
  • 3930 W Monterey Street #131 Chandler, AZ 1
    • 2 beds 2 baths ∙ 935 Sqft ∙ Built 1986 2 beds 2 baths ∙ 935 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3930 W Monterey Street #138 Chandler, AZ 2
    • 2 beds 2 baths ∙ 935 Sqft ∙ Built 1986 2 beds 2 baths ∙ 935 Sqft ∙ Built 1986
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.28
    •  
  • 732 N Jentilly Lane Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1985
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.39
    •  
  • 3826 W Chicago Street Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,101 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,101 Sqft ∙ Built 1985
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.36
    •  
  • 3893 W Chicago Street Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,240 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,240 Sqft ∙ Built 1984
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.35
    •  
PROPERTY LISTING DETAILS
Aaron Saenz
Tierra Bella Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183152
Last Updated: 01/20/2021
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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