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4199 E Desert Sands Place Chandler, AZ 85249

3 Beds 3 Baths 1,906 sqft Built 2006

$340,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $178.38
  • 2 Days on Market
  • MLS # : 6173127
  • Updated Date : 12/19/2020 at 09:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,906 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Move in Ready and located in Chandler's highly sought after Subdivision of Sun Groves! Perfectly placed on a North South Lot and close to parks, basketball and volleyball courts. This gorgeous home has been well cared for! All 3 bedrooms, loft and laundry room are located upstairs. Loft area is perfect for working or attending school from home. All Tile Downstairs and Brand New Carpet Upstairs. Large Family room at entry has views of the pool. Kitchen has an ample work space, large pantry, island, and built in desk area. Covered Back Patio, Sparkling Pool, minimal maintenance backyard with pavers that is great for entertaining. Gorgeous trees and shrubs! Don't Miss This Wonderful Home located in Chandler School District.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun Groves

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Sun Groves

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Navarrete Elementary School Primary Regular 845 45 9
Navarrete Elementary School Middle Regular 845 45 9
Basha High School High Regular 2,646 125 8

Navarrete Elementary School

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Navarrete Elementary School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,254
Property Tax -$242
Property Insurance -$64
HOA -$26
Property Management Fees -$99
CASH FLOW
$165

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.

$340,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$39,947

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
  • $1,792

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,8494$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 4199 E Desert Sands Place Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4535 E Peach Tree Drive Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2004
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
  • 4836 E Thunderbird Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2002
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.90
    •  
  • 4321 E Augusta Avenue Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 4295 E Cherry Hills Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
PROPERTY LISTING DETAILS
Melissa Carpenter
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173127
Last Updated: 12/19/2020
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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