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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $246.55
- 5 Days on Market
- MLS # : 6191095
- Updated Date : 02/10/2021 at 08:15
CONSTRUCTION
- Beds : 5
- Floor Size : 4,015 sqft
- Baths : 4 full , 1 half
Listing Agent
Glass House International
Listing Agent's Description
Luxurious WATERFRONT, BEAUTIFULLY UPGRADED 5 bed, 4.5 bath home in Ocotillo, Chandler. Home features gorgeous plantation shutters, tile flooring, WOODEN BEAM ceilings, CROWN MOLDING, wood staircase, lots of natural light, 2 gas fireplaces & more! The cozy family area opens up to a GOURMET KITCHEN with BULTER PANTRY AREA & FRENCH DOORS TO paved PRIVATE COURTYARD! Elegant dining room, MAIN FLOOR BEDROOM w/FULL BATH. Upstairs includes SPACIOUS LOFT & XL laundry room! The grandiose master bedroom boasts a COZY SITTING AREA, fireplace, a full bath & private exit to the EXTENDED BALCONY where you can enjoy a SPECTACULAR VIEW OF THE LAKE! Finally the stunning backyard includes an extended covered patio, a built-in BBQ, private boat dock, a sparkling blue pool w/water features & lush landscaping!
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PRICE & RENT TRENDS
Neighborhood: The Octotillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Octotillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,380 |
| EXPENSES | Loan Payment | -$3,438 |
| Property Tax | -$717 | |
| Property Insurance | -$105 | |
| HOA | -$185 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,165
|
||
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.
$989,900
PROJECTED PRICE
$3,380
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$268,074
LOAN DETAILS
$3,438
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $247,475 |
| Loan Amount | $742,425 |
0.33
YEARS SAVED
$496
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,353
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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4421 S Pecan Drive Chandler, AZ 1
- 5 beds 5 baths ∙ 4,015 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,015 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4443 S Greythorne Way Chandler, AZ 2
- 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 2006
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,600
- $0.68
-
926 W Yosemite Drive Chandler, AZ 3
- 5 beds 5 baths ∙ 3,757 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,757 Sqft ∙ Built 2018
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,795
- $0.74
-
4512 S Wildflower Place Chandler, AZ 4
- 5 beds 3 baths ∙ 3,690 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,690 Sqft ∙ Built 2002
LEASED 01/23/20- Rent
- Rent Per SQFT
- $3,525
- $0.96
-
923 W Kaibab Drive Chandler, AZ 5
- 5 beds 5 baths ∙ 3,757 Sqft ∙ Built 2016 5 beds 5 baths ∙ 3,757 Sqft ∙ Built 2016
LEASED 08/17/19- Rent
- Rent Per SQFT
- $3,600
- $0.96
PROPERTY LISTING DETAILS
Glass House International
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191095
Last Updated: 02/10/2021
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.
