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PROPERTY INFO
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
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PRICE & RENT TRENDS
Neighborhood: Harmon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harmon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$136,925
LOAN DETAILS
$1,826
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
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
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- 3 beds 3 baths ∙ 2,445 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,445 Sqft ∙ Built 1992
LEASED 12/01/19- Rent
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- $2,150
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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
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716 N Bradley Drive Chandler, AZ 5
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LEASED 04/04/20- Rent
- Rent Per SQFT
- $2,300
- $0.99
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162565
Last Updated: 11/20/2020
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.
