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4203 S Ethan Place Chandler, AZ 85248

4 Beds 4 Baths 3,702 sqft Built 2011

$840,000

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $226.90
  • 2 Days on Market
  • MLS # : 6203366
  • Updated Date : 03/06/2021 at 01:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,702 sqft
  • Baths : 3 full , 1 half
Listing Agent

Pivotal Real Estate Solutions, Llc

Listing Agent's Description

This beautiful home has been lovingly maintained by the original owner. From the manicured lawn in the front to the sparkling pool out back there is nothing you won't like about this house. Must see this weekend!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fulton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Fulton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

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
 

$756,000$924,000$840,000

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$2,918
Property Tax -$489
Property Insurance -$99
HOA -$58
Property Management Fees -$99
CASH FLOW
-$553

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$840,000

PROJECTED PRICE

$3,110

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$228,350

INVESTMENT

$228,350

Down Payment
$210,000
Rehab Estimate
$5,750
Closing Costs
$12,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,918

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $210,000
Loan Amount $630,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$10,382

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
  • $3,304

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,9954$3,4995$3,500
$3,500
RENT COMPS ANALYSIS
  • 4203 S Ethan Place Chandler, AZ 1
    • 4 beds 4 baths ∙ 3,702 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,702 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 910 W Glacier Drive Chandler, AZ 2
    • 5 beds 5 baths ∙ 3,757 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,757 Sqft ∙ Built 2018
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 688 W Coconino Place Chandler, AZ 3
    • 4 beds 4 baths ∙ 3,702 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,702 Sqft ∙ Built 2011
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.81
    •  
  • 78 W Powell Way Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2009
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,499
    • $1.04
    •  
  • 940 W Yosemite Drive Chandler, AZ 5
    • 4 beds 5 baths ∙ 3,625 Sqft ∙ Built 2018 4 beds 5 baths ∙ 3,625 Sqft ∙ Built 2018
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Kurt G Sabel
Pivotal Real Estate Solutions, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203366
Last Updated: 03/06/2021
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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