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52 W Aster Drive Chandler, AZ 85248

3 Beds 3 Baths 2,414 sqft Built 2009

INVESTimate

$414,900

List Price

$2,110

$1,899 - $2,321

Rent Est.

$438,176  ( +5.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $171.87
  • 5 Days on Market
  • MLS # : 6121271
  • Updated Date : 08/22/2020 at 11:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,414 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kirans And Associates Realty Llc

Listing Agent's Description

Welcome to the incredibly special territorial style home with front porch and stone accents. It is indeed more-than-a-starter-home - complete with an office room downstairs and a large loft upstairs! Enter through the covered porch leading into the formal living /dining area. Also, right by the entrance is an office/den with glass double French door. You can work from home while watching the activity on the street. This extremely popular floorplan flows very well into an extra-large family room and well-connected kitchen. Kitchen has a cute island, and newer stainless-steel appliances and is perfect to have a family gathering. It has a lot of space to work-from-kitchen also as you can sip your coffee and peep into a lush green backyard.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k377k

* 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
Basha Elementary School Primary Regular 758 42 8
Basha Elementary School Middle Regular 758 42 8
Hamilton High School High Regular 3,740 190 8

Basha Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Basha Elementary School

  • Education Level: Middle
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Hamilton High School

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

$373,410$456,390$414,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,531
Property Tax -$242
Property Insurance -$74
HOA -$88
Property Management Fees -$99
CASH FLOW
$76

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.

$414,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,699

INVESTMENT

$115,699

Down Payment
$103,725
Rehab Estimate
$5,750
Closing Costs
$6,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,725
Loan Amount $311,175
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$35,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,142

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0203$2,1104$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 52 W Aster Drive Chandler, 3
    • 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.87
    •  
  • 2920 S Washington Street Chandler, 1
    • 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 2016
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 2948 S Washington Street Chandler, 2
    • 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 2017
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.89
    •  
  • 175 E Bluejay Drive Chandler, 4
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2017
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.95
    •  
  • 2936 S Washington Street Chandler, 5
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kiran Vedantam
Kirans And Associates Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121271
Last Updated: 08/22/2020
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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