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4424 E Glacier Place Chandler, AZ 85249

4 Beds 4 Baths 3,221 sqft Built 2016

$699,900

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $217.29
  • 3 Days on Market
  • MLS # : 6200574
  • Updated Date : 03/05/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,221 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Turn Key, Gated Community, move-in ready, N/S facing, 2-story w/ Master Bedroom downstairs. This home features 4 bedrooms + 3.5 bathrooms. The upgrades t/o the exterior & interior are simply over the top! Go to the documents tab for a detailed list of upgrades. Open Flr-plan w/ most of the livable sq. footage on the 1st level. There is also a massive room on the 2nd floor that could be used an office, or bedroom with a full bath + a walk-in closet. The 3rd CG (permitted) was converted & decked out as a man cave, or media room. The highly upgraded kitchen provides plenty of cabinet & countertop space. S/S appliances-kitchen Island- White & gray's are tastefully tied together t/o the interior of the home. Additional wall accents in the master bedroom-Family room & the stack stone f/p in the

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Finisterra

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $117k553k

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

Neighborhood: Finisterra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452854

* 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
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Payne Junior High School

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

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,431
Property Tax -$498
Property Insurance -$90
HOA -$120
Property Management Fees -$99
CASH FLOW
-$438

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.

$699,900

PROJECTED PRICE

$2,800

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$9,225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,971

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8003$2,8254$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 4424 E Glacier Place Chandler, AZ 2
    • 4 beds 4 baths ∙ 3,221 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,221 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.87
    •  
  • 4622 S Onyx Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.90
    •  
  • 4451 S Granite Drive Chandler, AZ 3
    • 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2010
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,825
    • $0.82
    •  
  • 4073 E Cherrywood Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2012
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.99
    •  
  • 3647 E Blue Ridge Place Chandler, AZ 5
    • 4 beds 4 baths ∙ 3,073 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,073 Sqft ∙ Built 2012
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jay Culton
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200574
Last Updated: 03/05/2021
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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