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4150 S Santa Rita Way Chandler, AZ 85249

5 Beds 4 Baths 3,450 sqft Built 2008

$560,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $162.32
  • 4 Days on Market
  • MLS # : 6189419
  • Updated Date : 02/04/2021 at 18:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,450 sqft
  • Baths : 3 full , 1 half
Listing Agent

On Q Property Management

Listing Agent's Description

Gorgeous two story home in a gated community in Chandler is move in ready! Come see what this fantastic property! Low maintenance front yard & 3 car garage w/extended driveway is just the beginning. A Delightful foyer welcomes you upon entry formal living/dining room, tile flooring in traffic areas, family room, loft, and carpet in the right places are features worth mentioning. The kitchen offers tons of storage with its staggered cabinets, you'll also find granite counters, a convenient island, and a built-in computer desk. The spacious master suite is a dream with its immaculate bathroom comprised of a large dual vanity, soaking tub, step-in shower, and walk-in closet. Generous backyard w/covered patio is waiting to be customize, with a little love can be perfect for entertaining. Must

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Quail Springs

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k463k

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

Neighborhood: Quail Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452334

* 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
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Perry High School

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

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$1,945
Property Tax -$399
Property Insurance -$94
HOA -$118
Property Management Fees -$99
CASH FLOW
$315

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.

$560,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$59,203

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
  • $3,114

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8253$2,9504$3,2505$3,450
$3,450
RENT COMPS ANALYSIS
  • 4150 S Santa Rita Way Chandler, AZ 1
    • 5 beds 4 baths ∙ 3,450 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,450 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4451 S Granite Drive Chandler, AZ 2
    • 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2010
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,825
    • $0.82
    •  
  • 2807 E Desert Broom Place Chandler, AZ 3
    • 5 beds 4 baths ∙ 3,667 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,667 Sqft ∙ Built 2005
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.80
    •  
  • 2818 E Locust Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,436 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,436 Sqft ∙ Built 2003
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.95
    •  
  • 3622 E San Carlos Place Chandler, AZ 5
    • 5 beds 3 baths ∙ 3,303 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,303 Sqft ∙ Built 2010
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.04
    •  
PROPERTY LISTING DETAILS
Ryon P Genet
On Q Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189419
Last Updated: 02/04/2021
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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