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4986 E Thunderbird Drive Chandler, AZ 85249

4 Beds 2 Baths 2,052 sqft Built 2002

$383,500

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $186.89
  • 6 Days on Market
  • MLS # : 6197684
  • Updated Date : 02/23/2021 at 14:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,052 sqft
  • Baths : 2 full
Listing Agent

Renters Warehouse Arizona, Llc

Listing Agent's Description

Tenants Rights Do not Disturb !NO SHOWINGS UNTIL OFFER IS ACCEPTED *************************Leased Until 9/30/22Please submit offer with a min of 5 days response time.

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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
 

$345,150$421,850$383,500

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,332
Property Tax -$273
Property Insurance -$67
HOA -$16
Property Management Fees -$99
CASH FLOW
$22

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.

$383,500

PROJECTED PRICE

$1,810

PROJECTED RENT

0.47%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,378

INVESTMENT

$107,378

Down Payment
$95,875
Rehab Estimate
$5,750
Closing Costs
$5,753

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,332

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,875
Loan Amount $287,625
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$22,942

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
  • $1,837

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$1,8504$1,8995$1,995
$1,995
RENT COMPS ANALYSIS
  • 4986 E Thunderbird Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4691 E Torrey Pines Lane Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.79
    •  
  • 4650 E Peach Tree Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 2004
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 1640 E Dubois Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 2012
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.93
    •  
  • 4629 E Augusta Avenue Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
    property image
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
PROPERTY LISTING DETAILS
William A O'connell
Renters Warehouse Arizona, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197684
Last Updated: 02/23/2021
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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