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

400 S Jay Street Chandler, AZ 85225

4 Beds 3 Baths 2,360 sqft Built 1987

$439,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $186.02
  • 3 Days on Market
  • MLS # : 6174055
  • Updated Date : 12/25/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,360 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Spacious 4 bed, 3 bath house plus a loft, vaulted ceilings, and the whole place was just remodeled (see list in Documents tab). Downstairs has all tile & laminate flooring and a downstairs bedroom. New paint for the entire interior. New carpeting in upstairs bedrooms. Kitchen has white cabinets with granite counters and Energy Star appliances. Fridge, washer & dryer all convey. New dual pane Low-E windows downstairs provide plenty of light while keeping the heat outside. Great backyard with covered patio and pool to keep you cool in the Arizona heat. Propane tanks (which convey) provide for the heated hot tub and fireplace to keep you warm in the colder months. Solar lease price is locked in to save a LOT on electric bill and has even given owner credit back in the cooler months. Great

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Marcos Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: San Marcos Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10281981

* 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
San Marcos Elementary School Primary Regular 532 34 5
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

San Marcos Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 34
5
GreatSchools Rating

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$395,100$482,900$439,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,620
Property Tax -$256
Property Insurance -$73
HOA -$36
Property Management Fees -$99
CASH FLOW
$36

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.

$439,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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$0.0$5.0k$10k$15k$20k

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$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$33,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,095

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0503$2,1204$2,1955$2,450
$2,450
RENT COMPS ANALYSIS
  • 400 S Jay Street Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.90
    •  
  • 1270 W Flintlock Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1998
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 805 W Toledo Street Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,401 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,401 Sqft ∙ Built 1984
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.85
    •  
  • 1680 W Saragosa Street Chandler, AZ 4
    • 5 beds 2 baths ∙ 2,282 Sqft ∙ Built 1997 5 beds 2 baths ∙ 2,282 Sqft ∙ Built 1997
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.96
    •  
  • 854 W Whitten Street Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,583 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,583 Sqft ∙ Built 2005
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.95
    •  
PROPERTY LISTING DETAILS
Dave Getz
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174055
Last Updated: 12/25/2020
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.

BESbswy