Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

500 N Roosevelt Avenue #13 Chandler, AZ 85226

2 Beds 3 Baths 1,293 sqft Built 1994

$265,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $204.95
  • 5 Days on Market
  • MLS # : 6200161
  • Updated Date : 02/27/2021 at 07:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,293 sqft
  • Baths : 2 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

Check out this great townhome along the green belt in the Townes at Southpark community! This property features 2 master suites, 2.5 bath, open floorplan with breakfast bar, cozy fireplace, soaring vaulted ceilings, with lots of light. French doors lead out to the covered patio with direct access to your assigned carport. This wonderful community includes a resort-style pool. Only minutes from the I-10, 202, 101, and the US-60. Close to great schools & parks, restaurants, shopping, theaters, and so much more. You don't want to miss out on this fantastic opportunity.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Townes at Southpark

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $80k358k

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

Neighborhood: The Townes at Southpark

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
Kyrene De La Mirada School Primary Regular 556 36 9
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Mirada School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 36
9
GreatSchools Rating

Kyrene Del Pueblo Middle School

  • Education Level: Middle
  • # of students: 829
  • # of teachers: 50
8
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$920
Property Tax -$165
Property Insurance -$52
HOA -$190
Property Management Fees -$99
CASH FLOW
-$17

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.

$265,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 10.4%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,428

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
  • $1,468

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,3954$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 500 N Roosevelt Avenue #13 Chandler, AZ 1
    • 2 beds 3 baths ∙ 1,293 Sqft ∙ Built 1994 2 beds 3 baths ∙ 1,293 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 300 N Gila Springs Boulevard #138 Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2008
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.10
    •  
  • 500 N Roosevelt Avenue #66 Chandler, AZ 3
    • 2 beds 3 baths ∙ 1,272 Sqft ∙ Built 1987 2 beds 3 baths ∙ 1,272 Sqft ∙ Built 1987
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.10
    •  
  • 5665 W Galveston Street #116 Chandler, AZ 4
    • 2 beds 3 baths ∙ 1,221 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,221 Sqft ∙ Built 1996
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.15
    •  
  • 5665 W Galveston Street #7 Chandler, AZ 5
    • 2 beds 3 baths ∙ 1,221 Sqft ∙ Built 1994 2 beds 3 baths ∙ 1,221 Sqft ∙ Built 1994
    property image
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.19
    •  
PROPERTY LISTING DETAILS
Nicholas Mowery
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200161
Last Updated: 02/27/2021
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.

BESbswy