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445 E Lynx Way Chandler, AZ 85249

5 Beds 4 Baths 4,055 sqft Built 2003

$940,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $231.81
  • 3 Days on Market
  • MLS # : 6192562
  • Updated Date : 02/12/2021 at 16:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,055 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Rare and stunning waterfront home in prestigious Pinelake Estates! This beautiful highly sought-after single level home features 5 bedrooms and 3.5 baths plus a den! You will enjoy the private and gated courtyard upon entry. The courtyard offers an inviting Mediterranean feel with a gas fireplace for cool nights and relaxing. You immediately feel welcomed into the interior with the wrought iron Cantera Door and French doors leading to either the Kitchen or Den. Upon entrance to this magnificent home, you are entranced by the stunning lakefront views from all living areas! Amazing gourmet kitchen w/ stone fireplace, gas cooktop, staggered 42'' cabinetry, granite counters, built-in refrigerator and entertaining island. Formal Living & Dining feature custom coffered ceilings. The oversized

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 Junior High School Middle Regular 1,291 60 9
Hamilton High School High Regular 3,740 190 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Hamilton High School

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

$846,000$1,034,000$940,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$3,265
Property Tax -$548
Property Insurance -$106
HOA -$43
Property Management Fees -$99
CASH FLOW
-$750

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.

$940,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.35%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$254,850

INVESTMENT

$254,850

Down Payment
$235,000
Rehab Estimate
$5,750
Closing Costs
$14,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,265

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $235,000
Loan Amount $705,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,447

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9903$3,3104$3,5005$4,000
$4,000
RENT COMPS ANALYSIS
  • 445 E Lynx Way Chandler, AZ 3
    • 5 beds 4 baths ∙ 4,055 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,055 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $0.82
    •  
  • 971 E Birchwood Place Chandler, AZ 1
    • 6 beds 4 baths ∙ 3,984 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,984 Sqft ∙ Built 2005
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.74
    •  
  • 4775 S Virginia Way Chandler, AZ 2
    • 5 beds 3 baths ∙ 4,055 Sqft ∙ Built 2004 5 beds 3 baths ∙ 4,055 Sqft ∙ Built 2004
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.74
    •  
  • 873 E Elmwood Place Chandler, AZ 4
    • 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.93
    •  
  • 423 E Mead Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 4,055 Sqft ∙ Built 2003 4 beds 3 baths ∙ 4,055 Sqft ∙ Built 2003
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.99
    •  
PROPERTY LISTING DETAILS
Gina Mckinley
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192562
Last Updated: 02/12/2021
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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