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 W Ivanhoe Street Chandler, AZ 85226

4 Beds 3 Baths 2,328 sqft Built 1994

$495,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $212.63
  • 4 Days on Market
  • MLS # : 6162565
  • Updated Date : 11/20/2020 at 00:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,328 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Harmon Ranch is where you want to be! Outstanding two-story home in desirable Chandler is waiting just for you. Offering great curb appeal, balcony, and beautiful grassy front landscaping. Step inside this remarkable interior complete with 4 bed, 2.5 bath, vaulted ceilings, living/dining area, bay windows, so much natural light, gorgeous wood-like tile. Plus, tiled gas fireplace w/ custom mantle ideal for this winter. Dreamy eat-in kitchen provides recessed lighting, back-splash, white cabinetry w/ crown molding, granite counter-tops, & high-end appliances. Upstairs laundry chute, Double-door master suite includes private exit and lavish full bath with separate tub, dual sinks, and walk-in closet. Lovely grassy backyard with fenced-in pool/spa is ready to enjoy

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Harmon Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

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

Neighborhood: Harmon Ranch

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
Corona Del Sol High School High Regular 2,781 114 7

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

Corona Del Sol High School

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

$445,500$544,500$495,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,826
Property Tax -$308
Property Insurance -$73
HOA -$50
Property Management Fees -$99
CASH FLOW
-$195

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.

$495,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$17,493

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
  • $2,142

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,1504$2,1955$2,300
$2,300
RENT COMPS ANALYSIS
  • 5120 W Ivanhoe Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5094 W Monterey Street Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,395 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,395 Sqft ∙ Built 1993
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.87
    •  
  • 550 N Jentilly Lane Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,445 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,445 Sqft ∙ Built 1992
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 5203 W Megan Street Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1994
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.94
    •  
  • 716 N Bradley Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1994
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
PROPERTY LISTING DETAILS
Aaron Michael Simpson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162565
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