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4495 S Wayne Place Chandler, AZ 85249

6 Beds 5 Baths 3,930 sqft Built 2003

$889,000

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $226.21
  • 3 Days on Market
  • MLS # : 6199416
  • Updated Date : 02/26/2021 at 23:23
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,930 sqft
  • Baths : 4 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Largest lot in small gated community at over 1/2 an acre with a beautiful 1 level, split floorplan, 4 bed 3.5 bath home. Separate Study/5th bedroom. Owner's Suite with built-ins, gas fireplace, walk-in closet, stand alone tub and separate shower with dual sinks. Separate entrance Casita that can be used as Office or 6th bedroom as includes own bathroom and closet. Large kitchen with center island, granite countertops and appliances to include but not limited to stainless wall oven, stainless refrigerator and gas cook top, Large family room with gas fireplace, Breakfast area, pantry closet, separate living room, window coverings throughout. Larger laundry room that is plumbed for sink, 2-car garage with separate 1 car garage.

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
Carlson Elementary School Primary Unknown 726 39 NA
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Carlson Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 39
NA
GreatSchools Rating

Santan Junior High School

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

Perry High School

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

$800,100$977,900$889,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$3,088
Property Tax -$633
Property Insurance -$104
HOA -$108
Property Management Fees -$99
CASH FLOW
-$731

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.

$889,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.37%

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$241,335

INVESTMENT

$241,335

Down Payment
$222,250
Rehab Estimate
$5,750
Closing Costs
$13,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,088

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $222,250
Loan Amount $666,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,587

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $3,301

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$3,1003$3,2504$3,3005$3,900
$3,900
RENT COMPS ANALYSIS
  • 4495 S Wayne Place Chandler, AZ 4
    • 4 beds 5 baths ∙ 3,930 Sqft ∙ Built 2003 4 beds 5 baths ∙ 3,930 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.84
    •  
  • 2162 E Tonto Place Chandler, AZ 1
    • 4 beds 4 baths ∙ 3,678 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,678 Sqft ∙ Built 2004
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.76
    •  
  • 4201 S Newport Street Chandler, AZ 2
    • 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, AZ 3
    • 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, AZ 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
Denise Allan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199416
Last Updated: 02/26/2021
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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