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4391 E Nolan Place Chandler, AZ 85249

4 Beds 3 Baths 3,027 sqft Built 2007

INVESTimate

$615,000

List Price

$2,240

$2,016 - $2,464

Rent Est.

$649,502  ( +5.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $203.17
  • 6 Days on Market
  • MLS # : 6120521
  • Updated Date : 08/21/2020 at 14:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,027 sqft
  • Baths : 2 full , 1 half
Listing Agent

Launch Real Estate

Listing Agent's Description

Gorgeous home on a corner lot with north-south exposure. 4 bedroom + office, tile in all the right places, granite countertops, upgraded cabinets w/crown molding, custom shutters t/o, recently painted interior. Awesome backyard with a pool and spa with now two stories around you. Great subdivision close to shopping and parks. This home will last long!

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
Carlson Elementary School Primary Unknown 726 39 NA
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

Carlson Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 39
NA
GreatSchools Rating

Payne Junior High School

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

Basha High School

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

$553,500$676,500$615,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,269
Property Tax -$438
Property Insurance -$86
HOA -$106
Property Management Fees -$99
CASH FLOW
-$758

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.

$615,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$553

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,240

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,285

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1903$2,2404$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 4391 E Nolan Place Chandler, 3
    • 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.74
    •  
  • 1859 E Dubois Avenue Gilbert, 1
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2012
    property image
    LEASED 06/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.71
    •  
  • 3964 E Grand Canyon Place Chandler, 2
    • 5 beds 3 baths ∙ 2,911 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,911 Sqft ∙ Built 2007
    property image
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.75
    •  
  • 3802 E Old Stone Circle Chandler, 4
    • 5 beds 4 baths ∙ 3,052 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,052 Sqft ∙ Built 2005
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.77
    •  
  • 3297 E Blue Ridge Place Chandler, 5
    • 4 beds 4 baths ∙ 3,046 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,046 Sqft ∙ Built 2004
    property image
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.79
    •  
PROPERTY LISTING DETAILS
Danny Kallay
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120521
Last Updated: 08/21/2020
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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