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3992 S Camellia Court Chandler, AZ 85248

3 Beds 2 Baths 1,674 sqft Built 1998

$415,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $247.91
  • 5 Days on Market
  • MLS # : 6157935
  • Updated Date : 11/21/2020 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,674 sqft
  • Baths : 2 full
Listing Agent

Launch Real Estate

Listing Agent's Description

Simply immaculate home located in Chandler's highly desired Fox Crossing. This single level home has the ideal floor plan for all homeowners. Light and bright with its soaring vaulted ceilings, wood look tile, updated kitchen, newly remodeled laundry room, new shutters, fixtures, lighting and so much more. You're going to love this retreat like backyard! Sitting on nearly 1/3 acre, it's the biggest lot in the neighborhood and you'll have no neighbors behind you! Covered patio, large grass area to play on, pebble tec pool, fire pit, RV gate & outside storage. This community is located in award winning Chandler Unified School District, just minutes away from local shopping, dinning and entertainment. Great chance to own a turn key home in wonderful community, WELCOME HOME.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fox Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k438k

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

Neighborhood: Fox Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452242

* 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
Basha Elementary School Middle Regular 758 42 8
Hamilton High School High Regular 3,740 190 8

Basha Elementary School

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

Basha Elementary School

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

Hamilton High School

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

$373,500$456,500$415,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,531
Property Tax -$242
Property Insurance -$60
HOA -$60
Property Management Fees -$99
CASH FLOW
-$172

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.

$415,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$14,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,820

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8203$1,8954$1,9995$2,150
$2,150
RENT COMPS ANALYSIS
  • 3992 S Camellia Court Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.09
    •  
  • 3651 S Arizona Place Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2013
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 4777 S Fulton Ranch Boulevard #2008 Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.08
    •  
  • 3550 S Barberry Place Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1997
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.11
    •  
  • 675 W Myrtle Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1999
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.15
    •  
PROPERTY LISTING DETAILS
Adam Bowman
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157935
Last Updated: 11/21/2020
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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