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

5120 S Mcclelland Drive Chandler, AZ 85248

4 Beds 2 Baths 2,666 sqft Built 1998

$515,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $193.17
  • 3 Days on Market
  • MLS # : 6163144
  • Updated Date : 11/20/2020 at 14:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,666 sqft
  • Baths : 2 full
Listing Agent

Stone Tree Realty

Listing Agent's Description

Great opportunity to own a gorgeous one-story home nestled on a prime corner lot! This property offers a lush front yard and a 3 car garage with an extended driveway. Interior boasts neutral paint, tile flooring in traffic areas, a large living room, plantation shutters throughout, and a spacious family room. Nice size eat-in kitchen features stainless steel appliances, oak cabinets, plenty of counter space, pantry, island, and track lighting. The master suite has access to the back patio, and an immaculate bath with his & hers sinks, a separate tub & shower, and a bountiful walk-in closet. Enjoy relaxing evenings in the backyard. Full length covered patio, grassy area, and mature trees that provide constant shade & breeze complete the picture for this extraordinary property. Act now!

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
 

$463,500$566,500$515,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,900
Property Tax -$300
Property Insurance -$79
HOA -$25
Property Management Fees -$99
CASH FLOW
$47

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.

$515,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.48%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$40,649

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,606

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4503$2,4954$2,4995$2,800
$2,800
RENT COMPS ANALYSIS
  • 5120 S Mcclelland Drive Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,666 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,666 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.92
    •  
  • 865 W Beechnut Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
  • 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
    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
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.97
    •  
  • 73 W Crescent Way Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2010
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.98
    •  
PROPERTY LISTING DETAILS
Ashley V Pressler-smith
Stone Tree Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163144
Last Updated: 11/20/2020
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.

BESbswy