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5063 S Tumbleweed Lane Chandler, AZ 85248

4 Beds 3 Baths 2,659 sqft Built 1996

$615,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $231.29
  • 3 Days on Market
  • MLS # : 6156538
  • Updated Date : 11/07/2020 at 13:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,659 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

LOCATION, LOCATION! This 4 bed, 2.5 bath, 3 car garage, 2700 sq ft home with a pool/spa is nestled in the highly coveted Chandler lake community of Oakwood Lakes. Not a flip! UPDATES, UPDATES GALORE! The Sellers put their heart and soul and over $110K in updates over the years to every single room in the house including a brand new kitchen with an oversized custom island, new high end stainless appliances, built-in china cabinet , resulting in tons of cabinets, kitchen storage and counter space. The living room and family room feature engineered hardwood floors, shiplap, 6 inch baseboards, vaulted ceilings and new interior paint. Even the powder room is impressive with Wainscot and beautiful paint. Not to mention beautiful plantation shutters!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Oakwood Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k463k

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

Neighborhood: Oakwood Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452274

* 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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,269
Property Tax -$358
Property Insurance -$79
HOA -$25
Property Management Fees -$99
CASH FLOW
-$510

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.

$615,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,805

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,466

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,320
1$2,3202$2,4003$2,4954$2,4995$2,595
$2,595
RENT COMPS ANALYSIS
  • 5063 S Tumbleweed Lane Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.87
    •  
  • 177 E Canyon Way Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2014
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 56 W Lynx Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2009
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.93
    •  
  • 613 W San Carlos Way Chandler, AZ 4
    • 5 beds 3 baths ∙ 2,575 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,575 Sqft ∙ Built 2010
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.97
    •  
  • 255 E Mead Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2014
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jasson Dellacroce
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156538
Last Updated: 11/07/2020
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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