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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Wild Tree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wild Tree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$160,775
LOAN DETAILS
$2,032
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $146,250 |
| Loan Amount | $438,750 |
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
-
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
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181275
Last Updated: 01/16/2021
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.
