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4941 S Soho Lane Chandler, AZ 85249

3 Beds 2 Baths 2,126 sqft Built 2001

$465,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $218.72
  • 2 Days on Market
  • MLS # : 6187703
  • Updated Date : 01/30/2021 at 23:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,126 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Lovely home on oversized lot including a full three car garage in a wonderful community. This home has spacious open rooms, large kitchen, stainless steel gas range, dishwasher and microwave. Plenty of maple cabinets, counter space, and large kitchen island for cooking delicious meals. Relax with the family in a cozy den or enjoy a backyard picnic. Elementary & Middle schools within walking distance. Convenient to multiple stores, restaurants and businesses. Come make this your dream home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Creekwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Creekwood 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
Santan Junior High School Middle Regular 1,291 60 9
Basha High School High Regular 2,646 125 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Basha High School

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

$418,500$511,500$465,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,615
Property Tax -$331
Property Insurance -$69
HOA -$21
Property Management Fees -$99
CASH FLOW
$25

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.

$465,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 4.2%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$26,703

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,046

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0604$2,1605$2,195
$2,195
RENT COMPS ANALYSIS
  • 4941 S Soho Lane Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.02
    •  
  • 1676 E Bartlett Place Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 1931 E Powell Way Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 2127 E Aloe Place Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004
    property image
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.94
    •  
  • 1713 E San Carlos Place Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.03
    •  
PROPERTY LISTING DETAILS
Donna Roach
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187703
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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