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5224 W Morgan Drive Chandler, AZ 85226

4 Beds 2 Baths 1,873 sqft Built 1995

$405,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
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!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Commonwealth

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: North Commonwealth

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9881780

* 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 Paloma School Primary Regular 502 30 8
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Corona Del Sol High School High Regular 2,781 114 7

Kyrene De La Paloma School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 30
8
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
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,826

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7954$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 5224 W Morgan Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 175 S Fir Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1985
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 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
    •  
  • 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
    •  
  • 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
Baoan Wang
Gold Trust Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160797
Last Updated: 11/14/2020
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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