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4978 E Westchester Drive Chandler, AZ 85249

5 Beds 3 Baths 2,961 sqft Built 2004

$475,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $160.42
  • 2 Days on Market
  • MLS # : 6190319
  • Updated Date : 02/06/2021 at 16:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,961 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Located in desirable Sun Groves (Chandler Schools), this 5 bed, 2.5 bath home offers plenty of room to spread out. The main floor offers an expansive living room with soaring ceilings, dining room and kitchen/great room plus 5th bedroom and powder room. Upstairs is a large master suite with two walk-in closets, and wood flooring, 3 additional bedrooms and bath, plus a large loft area. New quartz counters, matte black stainless appliances, both HVAC units replaced. Two separate garages with epoxy flooring offer plenty of room for storage plus a pass through garage door to the back yard. Outside you'll find a sparkling play pool and an extended covered patio with plenty of space for games and entertainment. Walking distance to the A+ award-winning neighborhood elementary school.

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
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Basha High School

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

$427,500$522,500$475,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,650
Property Tax -$338
Property Insurance -$85
HOA -$16
Property Management Fees -$99
CASH FLOW
$162

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.

$475,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.49%

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$1.2M$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$40,855

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
  • $2,665

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2903$2,3954$2,7505$2,999
$2,999
RENT COMPS ANALYSIS
  • 4978 E Westchester Drive Chandler, AZ 1
    • 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2159 E Galileo Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2012
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.80
    •  
  • 4415 E Runaway Bay Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.81
    •  
  • 2205 E La Costa Drive Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2012
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.98
    •  
  • 4435 E Runaway Bay Drive Chandler, AZ 5
    • 5 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,958 Sqft ∙ Built 2002
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $1.01
    •  
PROPERTY LISTING DETAILS
Brian Eastwood
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190319
Last Updated: 02/06/2021
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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