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4584 S Emerson Street Chandler, AZ 85248

3 Beds 3 Baths 2,446 sqft Built 2018

$450,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $183.97
  • 2 Days on Market
  • MLS # : 6178191
  • Updated Date : 01/09/2021 at 23:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,446 sqft
  • Baths : 2 full , 1 half
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

Beautiful 3 bed 2.5 bath home w/ loft in the gated community of Parkview Place. This corner unit has been meticulously maintained by original owners. Designer finishes throughout; Gourmet kitchen features SS appliances, 5 burner gas stove & Silestone countertops. Wood-plank tile, 8 ft interior doors, iron stairway, high ceilings with plenty of windows for plenty of natural light. Master bedroom retreat with coffered ceilings, paneled wall, huge walk-in shower w/ rain shower head and bench seat. Private zen-like side yard with sliding door access off kitchen- perfect for entertaining in the open air. Upgraded trim package throughout home, crown molding, window and door trim.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fulton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Fulton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Fulton Elementary School Primary Regular 995 48 9
Fulton Elementary School Middle Regular 995 48 9
Hamilton High School High Regular 3,740 190 8

Fulton Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Fulton Elementary School

  • Education Level: Middle
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Hamilton High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$1,563
Property Tax -$326
Property Insurance -$75
HOA -$180
Property Management Fees -$99
CASH FLOW
$617

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$82,689

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,666

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,345
1$2,3452$2,6003$2,6104$2,8605$2,900
$2,900
RENT COMPS ANALYSIS
  • 4584 S Emerson Street Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.17
    •  
  • 4700 S Fulton Ranch Boulevard #50 Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2010
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.03
    •  
  • 4700 S Fulton Ranch Boulevard #53 Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2011
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.14
    •  
  • 4044 S Camellia Drive Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,558 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,558 Sqft ∙ Built 2012
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $1.02
    •  
  • 4700 S Fulton Ranch Boulevard #32 Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 2006
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.17
    •  
PROPERTY LISTING DETAILS
William Ryan
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178191
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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