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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Creekwood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Creekwood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$128,975
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
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
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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
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- Rent
- Rent Per SQFT
- $2,160
- $1.02
-
1676 E Bartlett Place Chandler, AZ 1
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LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.94
-
1931 E Powell Way Chandler, AZ 2
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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
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![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,195
- $1.03
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187703
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
