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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $216.23
- 1 Days on Market
- MLS # : 6160797
- Updated Date : 11/14/2020 at 18:14
CONSTRUCTION
- Beds : 4
- Floor Size : 1,873 sqft
- Baths : 2 full
Listing Agent
Gold Trust Realty
Listing Agent's Description
Welcome to your beautifully updated home located minutes to Intel and Chandler Fashion Mall! This popular Ironwood floor plan is the perfect N/S facing lot that fronts the greenbelt across the street. Easy access to I-10, 101 & 202 freeway. Desirable Kyrene school district. This cozy and entertaining home features 4 bedrooms, 2 bathrooms, formal LR & DR. The gourmet kitchen with stainless steel appliances including built in wine fridge, upgraded maple cabinets throughout & granite counter tops opens to a family room with gas fireplace. Professional landscaping both front and back including extended paved driveway and walkway in front with an extended paved patio area in back with gas fire-pit and custom seating area. Move in ready!
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PRICE & RENT TRENDS
Neighborhood: North Commonwealth
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Commonwealth
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,494 |
| Property Tax | -$252 | |
| Property Insurance | -$64 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$193
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$405,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$113,075
LOAN DETAILS
$1,494
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
3.42
YEARS SAVED
$13,680
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,826
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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5224 W Morgan Drive Chandler, AZ 1
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175 S Fir Street Chandler, AZ 2
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LEASED 07/24/20- Rent
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- $1,695
- $0.95
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5469 W Milky Way Chandler, AZ 3
- 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1996
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,795
- $1.07
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5093 W Buffalo Street Chandler, AZ 4
- 4 beds 3 baths ∙ 1,928 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,928 Sqft ∙ Built 1994
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,800
- $0.93
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4612 W Jupiter Way Chandler, AZ 5
- 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1983
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,900
- $0.95
PROPERTY LISTING DETAILS
Gold Trust Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160797
Last Updated: 11/14/2020
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.
