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5085 S Mingus Place Chandler, AZ 85249

5 Beds 3 Baths 3,901 sqft Built 2007

$700,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $179.44
  • 4 Days on Market
  • MLS # : 6186772
  • Updated Date : 01/29/2021 at 21:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,901 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Absolutely gorgeous TW Lewis home in the prestigious gated neighborhood of Andora at Valencia! This home is light, bright, and spacious with vaulted ceilings, grand staircase and rod iron rail, huge windows, neutral colors, and an OWNED solar system! This home has been highly upgraded with hardwood floors, wood shutters and window sills, stainless steel appliances, including stainless steel hood, gas cooktop, 42 in luxury cabinets with hardware, crown molding, thick granite counters, beautiful backsplash. Don't miss the huge walk-in pantry! The family room is inviting with architectural niches, tiled gas fireplace, and large windows that overlook the beautiful backyard! Downstairs is a large full bedroom and full bathroom, perfect for guests or home office! Upstairs is a LOFT, 3 HUGE

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Carlson Elementary School Primary Unknown 726 39 NA
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

Carlson Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 39
NA
GreatSchools Rating

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
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,431
Property Tax -$504
Property Insurance -$103
HOA -$192
Property Management Fees -$99
CASH FLOW
-$199

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.

$700,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$21,579

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
  • $3,150

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,0004$3,2005$3,395
$3,395
RENT COMPS ANALYSIS
  • 5085 S Mingus Place Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,901 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,901 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3932 E San Carlos Place Chandler, AZ 2
    • 5 beds 3 baths ∙ 3,868 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,868 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.77
    •  
  • 3760 E Leo Place Chandler, AZ 3
    • 6 beds 4 baths ∙ 3,890 Sqft ∙ Built 2004 6 beds 4 baths ∙ 3,890 Sqft ∙ Built 2004
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
  • 4610 S Birch Street Chandler, AZ 4
    • 5 beds 4 baths ∙ 3,827 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,827 Sqft ∙ Built 2012
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.84
    •  
  • 2727 E Teakwood Place Chandler, AZ 5
    • 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.85
    •  
PROPERTY LISTING DETAILS
Mike Schude
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186772
Last Updated: 01/29/2021
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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