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4874 E Bellerive Drive Chandler, AZ 85249

4 Beds 2 Baths 1,678 sqft Built 2002

$369,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $220.44
  • 4 Days on Market
  • MLS # : 6156286
  • Updated Date : 11/04/2020 at 20:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,678 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Super clean 4bd/2bth home in the desirable Sun Groves community of Chandler. This one really shows 'light, bright and open' with its vaulted ceilings and open floorplan. Some of the upgrades include new carpet, attractive tile, new interior paint, granite kitchen counters, stainless steel appliances, and updated cabinets. The home also features a split floorplan, ceiling fans, 2'' blinds, and inside laundry. This one is clean and move-in ready! Come take a look!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun Groves

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Sun Groves

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
Navarrete Elementary School Primary Regular 845 45 9
Navarrete Elementary School Middle Regular 845 45 9
Basha High School High Regular 2,646 125 8

Navarrete Elementary School

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Navarrete Elementary School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,365
Property Tax -$263
Property Insurance -$60
HOA -$16
Property Management Fees -$99
CASH FLOW
-$243

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.

$369,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,883

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,691

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5603$1,6004$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 4874 E Bellerive Drive Chandler, AZ 2
    • 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.93
    •  
  • 4135 E Bellerive Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2006
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.00
    •  
  • 4443 E County Down Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
  • 4321 E Augusta Avenue Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 4295 E Cherry Hills Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
PROPERTY LISTING DETAILS
Scott Sepulveda
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156286
Last Updated: 11/04/2020
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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