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4777 S Fulton Ranch Boulevard #2002 Chandler, AZ 85248

3 Beds 2 Baths 1,756 sqft Built 2017

$404,997

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $230.64
  • 2 Days on Market
  • MLS # : 6176353
  • Updated Date : 01/02/2021 at 14:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,756 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Welcome to a magnificently upscale dual level, three bedroom, two bath home, with a two car garage. This beautiful home has a modern, bright kitchen, granite countertops, gas stove, premium flooring, upgraded finishes and large windows throughout. Stainless Steel appliances, and interior laundry room. Water/Sewer/Trash INCLUDED in HOA fee. The gated community of Serenity Shores provides a wonderful community heated pool, spa, clubhouse, fitness center, and many more amenities. Located within the highly sought after master planned community of Fulton Ranch with bike paths, water features, and beautiful landscaping. The community is walking distance to parks, lakes, restaurants, and shopping. Also nearby to golf courses and freeways! Schedule your showing today!

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
 

$364,497$445,497$404,997

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$1,494
Property Tax -$236
Property Insurance -$61
HOA -$472
Property Management Fees -$99
CASH FLOW
$277

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.

$404,997

PROJECTED PRICE

$2,640

PROJECTED RENT

0.65%

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

PROJECTED ANNUAL CASH FLOW

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

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$113,074

INVESTMENT

$113,074

Down Payment
$101,249
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,249
Loan Amount $303,748
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$48,211

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $2,059

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0003$2,0004$2,4505$2,640
$2,640
RENT COMPS ANALYSIS
  • 4777 S Fulton Ranch Boulevard #2002 Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.50
    •  
  • 4777 S Fulton Ranch Boulevard #2008 Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.08
    •  
  • 5122 S Tumbleweed Lane Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1997
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.15
    •  
  • 1282 W Bartlett Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1998
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 1281 W Lynx Way Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1998
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.29
    •  
PROPERTY LISTING DETAILS
Celeste Marie Sanchez
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176353
Last Updated: 01/02/2021
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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