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4410 S Rio Drive Chandler, AZ 85249

5 Beds 4 Baths 5,029 sqft Built 2004

$725,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $144.16
  • 5 Days on Market
  • MLS # : 6174245
  • Updated Date : 12/26/2020 at 11:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,029 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

This 5 bedroom 3.5 bathroom Chandler home has it all! It is the only home for sale located in the highly desired North Barrington gated community. With a grand entry that leads past the living and dining room into a huge Kitchen and great room. This home has plenty of room for entertaining the largest of family and friends gatherings. Also, down stairs is bedroom and bathroom split from the rest of the home. Upstairs you will find a Master retreat with its own sitting area, as well as 2 walk in closets and separate tub and shower in the master bath. Each guest room is large with plenty of space for everyone to have their own peace, to top it off there is a large bonus room that is perfect for games, movies, etc.Welcome Home!

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
Santan Elementary School Primary Regular 914 51 10
Santan Elementary School Middle Regular 914 51 10
Basha High School High Regular 2,646 125 8

Santan Elementary School

  • Education Level: Primary
  • # of students: 914
  • # of teachers: 51
10
GreatSchools Rating

Santan Elementary School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 51
10
GreatSchools Rating

Basha High School

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

$652,500$797,500$725,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$2,675
Property Tax -$516
Property Insurance -$125
HOA -$140
Property Management Fees -$99
CASH FLOW
-$395

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.

$725,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.44%

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

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$16,520

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
  • $3,168

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,5004$3,500
$3,500
RENT COMPS ANALYSIS
  • 4410 S Rio Drive Chandler, AZ 1
    • 5 beds 4 baths ∙ 5,029 Sqft ∙ Built 2004 5 beds 4 baths ∙ 5,029 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2087 E Libra Place Chandler, AZ 2
    • 6 beds 4 baths ∙ 5,100 Sqft ∙ Built 2001 6 beds 4 baths ∙ 5,100 Sqft ∙ Built 2001
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.57
    •  
  • 2031 E Virgo Place Chandler, AZ 3
    • 6 beds 4 baths ∙ 5,379 Sqft ∙ Built 2002 6 beds 4 baths ∙ 5,379 Sqft ∙ Built 2002
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.65
    •  
  • 415 E Lynx Way Chandler, AZ 4
    • 4 beds 4 baths ∙ 5,195 Sqft ∙ Built 2003 4 beds 4 baths ∙ 5,195 Sqft ∙ Built 2003
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.67
    •  
PROPERTY LISTING DETAILS
Erik Geisler
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174245
Last Updated: 12/26/2020
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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