Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3957 S Newport Street Chandler, AZ 85286

4 Beds 2 Baths 2,192 sqft Built 2004

$479,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $218.93
  • 3 Days on Market
  • MLS # : 6173996
  • Updated Date : 01/02/2021 at 03:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,192 sqft
  • Baths : 2 full
Listing Agent

Vip Family Realty

Listing Agent's Description

Happy New Year! Start it right with a Great home in the perfect Chandler location. This move-in ready home has plantation shutters, crown molding and a beautifully updated kitchen with a new gas stove, SS appliances and big walk-in pantry. Separate formal dining and living room perfect for entertaining or just relaxing. The backyard includes low maintenance plants, trees and pavers with a built-in gas grill and an exquisite fire feature. Home in highly rated CUSD schools, plenty of walking trails, dining and shopping options and the Tumbleweed Recreation Center just up the street. Fresh paint, new efficient Trane AC unit and lots of storage throughout. New Water Heater, garage service door. Owner/Agent. Sorry but kumquat and lemon trees do not convey.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lantana Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k380k

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

Neighborhood: Lantana Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451997

* 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
Basha Elementary School Primary Regular 758 42 8
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Basha Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Perry High School

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

$431,910$527,890$479,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,771
Property Tax -$342
Property Insurance -$70
HOA -$24
Property Management Fees -$99
CASH FLOW
-$236

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.

$479,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$13,720

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,104

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9953$2,0704$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 3957 S Newport Street Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.94
    •  
  • 1430 E Redwood Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 2003
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 1585 E Aloe Place Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 2002
    LEASED 12/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 3855 S Mcqueen Road #87 Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 3855 S Mcqueen Road #70 Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2019
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.04
    •  
PROPERTY LISTING DETAILS
Chantal Vanklompenberg
Vip Family Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173996
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy