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PROPERTY INFO
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
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PRICE & RENT TRENDS
Neighborhood: Quail Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Quail Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$154,150
LOAN DETAILS
$1,945
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $140,000 |
| Loan Amount | $420,000 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,114
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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4150 S Santa Rita Way Chandler, AZ 1
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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
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- $2,825
- $0.82
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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
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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
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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
On Q Property Management
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189419
Last Updated: 02/04/2021
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.
