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5019 W Chicago Circle Chandler, AZ 85226

4 Beds 3 Baths 2,120 sqft Built 1989

INVESTimate

$380,000

List Price

$1,800

$1,620 - $1,980

Rent Est.

$401,660  ( +5.70%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $179.25
  • 2 Days on Market
  • MLS # : 6119249
  • Updated Date : 08/25/2020 at 22:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,120 sqft
  • Baths : 2 full , 1 half
Listing Agent

Long Realty Partners

Listing Agent's Description

GREAT HOME IN A FAMILY NEIGHBORHOOD! VAULTED CEILINGS IN THE LIVING ROOM. STAIR CASE OVER LOOKS THE LIVING ROOM. HUGE KITCHEN WITH FAMILY ROOM AND FIREPLACE. PERFECT FOR ENTERTAINING. ALL BEDROOMS UPSTAIRS. HALF BATH DOWN. LARGE LAUNDRY ROOM. THIS HOME IS CONVENIENTLY LOCATED TO THE FREEWAYS, CHANDLER MALL, RESTAURANTS, INTEL AND MANY MORE ATTRACTIONS TAX RECORD SQUARE FOOTAGE INCORRECT PER INSURANCE COMPANY/OWNER; IT'S has an Aprsl stating square footage is 2120.Tenant rights

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PRICE & RENT TRENDS

Neighborhood: Trade Winds at Twelve Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Trade Winds at Twelve Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9471780

* 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 Paloma School Primary Regular 502 30 8
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Corona Del Sol High School High Regular 2,781 114 7

Kyrene De La Paloma School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 30
8
GreatSchools Rating

Kyrene Del Pueblo Middle School

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

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,402
Property Tax -$236
Property Insurance -$69
HOA -$120
Property Management Fees -$99
CASH FLOW
-$126

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$380,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.70%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$15,715

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,136

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$2,0004$2,2495$2,400
$2,400
RENT COMPS ANALYSIS
  • 5019 W Chicago Circle Chandler, 2
    • 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 5093 W Buffalo Street Chandler, 1
    • 4 beds 3 baths ∙ 1,928 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,928 Sqft ∙ Built 1994
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 5149 W Saragosa Street Chandler, 3
    • 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 1990
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 401 S Forest Drive Chandler, 4
    • 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 1995
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $1.03
    •  
  • 5351 W Morgan Place Chandler, 5
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1997
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.03
    •  
PROPERTY LISTING DETAILS
Tony Martin
Long Realty Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119249
Last Updated: 08/25/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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