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

4633 W Erie Street Chandler, AZ 85226

5 Beds 3 Baths 3,070 sqft Built 1996

$585,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $190.55
  • 3 Days on Market
  • MLS # : 6181275
  • Updated Date : 01/16/2021 at 00:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,070 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

5 bedroom/3 bath/3 car garage with Pool. This meticulously maintained, single owner property has been updated and upgraded with attention to detail. Wood and tile flooring throughout for easy care. Kitchen boasts granite countertops, a large pantry and plenty of cabinet space and flows directly into a large and inviting family room. Breakfast nook makes the perfect place for a cup of coffee or easy dinner. Full bedroom and bathroom downstairs! Downstairs bedroom has a walk-in closet and is perfect for an office/guests or anyone not wanting to be upstairs. Master bedroom is generously sized and has a large master bath with double sinks and a huge walk-in closet. 3 additional bedrooms upstairs rounds out a perfect home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wild Tree

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k400k

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

Neighborhood: Wild Tree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Kyrene De Las Brisas School Primary Regular 785 41 9
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene De Las Brisas School

  • Education Level: Primary
  • # of students: 785
  • # of teachers: 41
9
GreatSchools Rating

Kyrene Aprende Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 56
9
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$526,500$643,500$585,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,032
Property Tax -$364
Property Insurance -$87
HOA -$14
Property Management Fees -$99
CASH FLOW
-$115

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.

$585,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,032

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$24,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,610

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4803$2,5004$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 4633 W Erie Street Chandler, AZ 2
    • 5 beds 3 baths ∙ 3,070 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,070 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.81
    •  
  • 310 N Stanley Place Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,070 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,070 Sqft ∙ Built 1995
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.80
    •  
  • 98 E Evelyn Lane Tempe, AZ 3
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1989
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 4080 W Linda Lane Chandler, AZ 4
    • 5 beds 3 baths ∙ 3,227 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,227 Sqft ∙ Built 1995
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.81
    •  
  • 5321 W Linda Lane Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,970 Sqft ∙ Built 1993
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.91
    •  
PROPERTY LISTING DETAILS
Catherine Schaeffer
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181275
Last Updated: 01/16/2021
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.

BESbswy