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500 N Roosevelt Avenue #70 Chandler, AZ 85226

2 Beds 3 Baths 1,272 sqft Built 1987

$235,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $184.75
  • 4 Days on Market
  • MLS # : 6174335
  • Updated Date : 01/21/2021 at 19:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,272 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Great Investment property in the heart of Chandler. Tenant in place till April 30, 2021. This townhome has an open floor plan that includes two master suites, private patio for entertaining, spacious living area and inside laundry. The vaulted ceilings in the upstairs bedrooms create an open feeling that flows perfectly into the walk-in closets and en suite bathrooms that showcase the beautiful shower & tub combo. Eat-in kitchen and breakfast bar. Covered parking space in close proximity to the back patio gate. The beautiful lush greenbelts and resort style community pool are just out the front door. Highly rated Kyrene School District, and easy access to highways, shopping, & restaurants makes this a perfect rental property.

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$816
Property Tax -$146
Property Insurance -$52
HOA -$186
Property Management Fees -$99
CASH FLOW
$101

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.

$235,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$19,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,399

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3953$1,3954$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 500 N Roosevelt Avenue #70 Chandler, AZ 5
    • 2 beds 3 baths ∙ 1,272 Sqft ∙ Built 1987 2 beds 3 baths ∙ 1,272 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 500 N Roosevelt Avenue #19 Chandler, AZ 1
    • 2 beds 3 baths ∙ 1,293 Sqft ∙ Built 1994 2 beds 3 baths ∙ 1,293 Sqft ∙ Built 1994
    property image
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.01
    •  
  • 5665 W Galveston Street #80 Chandler, AZ 2
    • 2 beds 3 baths ∙ 1,221 Sqft ∙ Built 1995 2 beds 3 baths ∙ 1,221 Sqft ∙ Built 1995
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.14
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Rachele M. Oram
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174335
Last Updated: 01/21/2021
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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