Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

454 E Lynx Way Chandler, AZ 85249

5 Beds 3 Baths 4,055 sqft Built 2003

$799,900

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $197.26
  • 2 Days on Market
  • MLS # : 6180805
  • Updated Date : 01/30/2021 at 08:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,055 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

PERFECTION! Exquisit 4055 sq ft. SINGLE LEVEL, COURTYARD ENTRY!! RARE 14,016 sq ft Premium Corner Lot!! Private Courtyard w/ Fireplace to Stunning 8 ft.Iron & glass entry door. Entertainers Delight! 4 Fireplaces. 4 sets of Anderson French doors to the Courtyard. Formal Dining & Living rm w/views of Backyard Paradise! Gourmet Kitchen w/ STONE FIREPLACE, custom 42''alder cabinetry w/ pullout shelves, double ovens, warming drawer, 2 drawer dishwasher, center island & french doors to courtyard! Wine/Bar Rm w/french doors to courtyard & FIREPLACE! Family rm has Coffered Ceilings & Stone Fireplace. Master Suite has private arcadia exit to backyard, New Barn Door to ensuite large walk-in closet, GIANT walk-in glass/tile shower & soaking tub! 2 bedrms have French doors to the courtyard! Office/Bed

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
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$2,778
Property Tax -$466
Property Insurance -$106
HOA -$43
Property Management Fees -$99
CASH FLOW
-$242

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.

$799,900

PROJECTED PRICE

$3,250

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$26,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $0.8

    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$3,2504$3,5005$4,000
$4,000
RENT COMPS ANALYSIS
  • 454 E Lynx Way Chandler, AZ 3
    • 5 beds 3 baths ∙ 4,055 Sqft ∙ Built 2003 5 beds 3 baths ∙ 4,055 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.80
    •  
  • 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
Elizabeth Rolfe
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180805
Last Updated: 01/30/2021
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.

BESbswy