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4892 S Marigold Way Chandler, AZ 85248

3 Beds 2 Baths 1,541 sqft Built 1998

$425,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $275.79
  • 3 Days on Market
  • MLS # : 6162699
  • Updated Date : 11/19/2020 at 20:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,541 sqft
  • Baths : 2 full
Listing Agent

Arizona Network Realty

Listing Agent's Description

** BEAUTIFUL WATERFRONT PROPERTY ** OCOTILLO LAKES ** Fantastic lake front property in quiet, Ocotillo Lakes community featuring: custom paint interior, split master bedroom with large bay window, slab granite kitchen counters & raised panel cabinets, stainless steel appliances, and updated kitchen lighting. Exterior repainted and carpet replace in 2020. Paradise-like back yard includes fully extended back covered patio, palm trees, boat/fishing dock, and one of the best open space views of the lake in two directions ... sunsets are absolutely stunning from this incredible Ocotillo Lakefront property. A truly MUST SEE home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Octotillo

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k459k

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

Neighborhood: The Octotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452356

* 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
Chandler Traditional Academy - Independence Campus Primary Regular 869 43 10
Chandler Traditional Academy - Independence Campus Middle Regular 869 43 10
Hamilton High School High Regular 3,740 190 8

Chandler Traditional Academy - Independence Campus

  • Education Level: Primary
  • # of students: 869
  • # of teachers: 43
10
GreatSchools Rating

Chandler Traditional Academy - Independence Campus

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 43
10
GreatSchools Rating

Hamilton High School

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

$382,500$467,500$425,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,568
Property Tax -$308
Property Insurance -$57
HOA -$38
Property Management Fees -$99
CASH FLOW
-$221

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.

$425,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$11,291

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,845

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7504$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 4892 S Marigold Way Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1452 W Blue Ridge Way Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1998
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.11
    •  
  • 1944 W Canyon Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1999
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.14
    •  
  • 1384 W Mead Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1998
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.24
    •  
  • 1352 W Blue Ridge Court Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1998
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.30
    •  
PROPERTY LISTING DETAILS
Russell Diehl
Arizona Network Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162699
Last Updated: 11/19/2020
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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