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428 E Horseshoe Drive Chandler, AZ 85249

4 Beds 3 Baths 2,863 sqft Built 2003

$650,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $227.03
  • 3 Days on Market
  • MLS # : 6181125
  • Updated Date : 01/15/2021 at 23:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,863 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

This amazing 4 bedroom, 3 full bath in exclusive and highly desirable Pinelake Estates is now available and ready to move in! Fantastic floor plan! Spacious single level, diving pool, large great room, family room and dining rooms. New paint, new appliances (coming Jan 20th) and new carpet (coming Feb 2nd). A great home for entertaining with huge granite counters and lots of cabinetry. Large lot, fruit trees, 3 car garage. Close to shopping, dining and entertainment. Primary bedroom has private access to patio, walk-in closet, his and hers sinks, soaking tub. High ceilings, lots of natural light and plantation shutters throughout the home complete the look. HVACs new in 2018 and 2019.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Fulton Elementary School Primary Regular 995 48 9
Fulton Elementary School Middle Regular 995 48 9
Hamilton High School High Regular 3,740 190 8

Fulton Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Fulton Elementary School

  • Education Level: Middle
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,258
Property Tax -$379
Property Insurance -$83
HOA -$41
Property Management Fees -$99
CASH FLOW
$40

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.

$650,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$40,431

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
  • $2,663

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,4954$2,5955$2,800
$2,800
RENT COMPS ANALYSIS
  • 428 E Horseshoe Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 177 E Canyon Way Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2014
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 56 W Lynx Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2009
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.93
    •  
  • 255 E Mead Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2014
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.93
    •  
  • 73 W Crescent Way Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2010
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.98
    •  
PROPERTY LISTING DETAILS
Gina Sharpe
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181125
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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