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4080 S Lafayette Place Chandler, AZ 85249

4 Beds 3 Baths 3,187 sqft Built 2004

$659,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $206.78
  • 3 Days on Market
  • MLS # : 6204091
  • Updated Date : 03/12/2021 at 23:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,187 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful Gated community home on huge cul-de-sac lot. Single level living in this 4 Bedroom and separate Den, 2.5 baths. Plantation shutters.newly remodeled Kitchen boast a grand island and breakfast bar, quartz countertops with double ovens.Large walk in pantry. Central Vac. Gas BBQ and surround sound. Master has separate entrance out to covered patio, walk in closets and separate tub and shower with dual sinks. RV gate and a waterfall that falls into a pond. Gorgeous lush landscaped yard. Driveway has wonderful pavers and large laundry room.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Country

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k556k

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

Neighborhood: Arizona Country

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452780

* 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
Carlson Elementary School Primary Unknown 726 39 NA
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Carlson Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 39
NA
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
 

$593,100$724,900$659,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,289
Property Tax -$469
Property Insurance -$89
HOA -$135
Property Management Fees -$99
CASH FLOW
-$471

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.

$659,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,385

INVESTMENT

$180,385

Down Payment
$164,750
Rehab Estimate
$5,750
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,289

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,750
Loan Amount $494,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,645

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4503$2,6104$2,6955$3,000
$3,000
RENT COMPS ANALYSIS
  • 4080 S Lafayette Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,187 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,187 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.82
    •  
  • 2703 E Zion Way Chandler, AZ 1
    • 4 beds 2 baths ∙ 3,011 Sqft ∙ Built 2005 4 beds 2 baths ∙ 3,011 Sqft ∙ Built 2005
    property image
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.80
    •  
  • 3563 S Soho Lane Chandler, AZ 2
    • 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2004
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.73
    •  
  • 2246 E Crescent Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,263 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,263 Sqft ∙ Built 2003
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.83
    •  
  • 2143 E Canyon Place Chandler, AZ 5
    • 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 2004
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jon Naegle
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204091
Last Updated: 03/12/2021
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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