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4488 S Leoma Lane Chandler, AZ 85249

5 Beds 4 Baths 3,925 sqft Built 2003

INVESTimate

$600,000

List Price

$2,970

$2,720 - $3,220

Rent Est.

$623,820  ( +3.97%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $152.87
  • 6 Days on Market
  • MLS # : 6116082
  • Updated Date : 08/21/2020 at 11:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,925 sqft
  • Baths : 3 full , 1 half
Listing Agent

Darcam Real Estate Investments

Listing Agent's Description

This Chandler home is in the highly sought after community of Symphony 2. Perfectly positioned next to a walking trail, with no direct back neighbors. Inside, you'll find over 4000 square feet with an amazing open floor plan. Great layout for entertaining with two living areas and a gourmet kitchen complete with double ovens. Upstairs offers a large loft perfect for a game room or a school room!Upstairs you have a master retreat with a separate area for an office or home gym.Enjoy entertaining and all that Arizona has to offer with the beautiful backyard that has a custom pool that is larger than 3x the size of a standard pool!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Symphony Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k649k

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

Neighborhood: Symphony Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10453017

* 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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,673$3,267$2,970

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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,214
Property Tax -$427
Property Insurance -$104
HOA -$97
Property Management Fees -$99
CASH FLOW
$29

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.

$600,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.97%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$42,186

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $3,297

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,970
1$2,9702$3,0003$3,1004$3,2505$3,900
$3,900
RENT COMPS ANALYSIS
  • 4488 S Leoma Lane Chandler, 1
    • 5 beds 4 baths ∙ 3,925 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,925 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $0.76
    •  
  • 1351 E Crescent Way Chandler, 2
    • 5 beds 4 baths ∙ 3,925 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,925 Sqft ∙ Built 2000
    LEASED 03/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.76
    •  
  • 4201 S Newport Street Chandler, 3
    • 5 beds 4 baths ∙ 4,113 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,113 Sqft ∙ Built 2007
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.75
    •  
  • 1965 E Crescent Way Chandler, 4
    • 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2015
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.86
    •  
  • 2061 E Prescott Place Chandler, 5
    • 5 beds 4 baths ∙ 3,930 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,930 Sqft ∙ Built 2004
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jennifer Ervin
Darcam Real Estate Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6116082
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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