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5292 W Harrison Court Chandler, AZ 85226

3 Beds 2 Baths 2,111 sqft Built 1993

$490,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $232.12
  • 3 Days on Market
  • MLS # : 6178360
  • Updated Date : 01/30/2021 at 21:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,111 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Let's start outside! Situated on a tree-line wash, this amazing backyard feels large and private. You'll love the sparkling pool, green grass and built-in bbq and bar, adorned with a colorful pergola! Stroll through the winding neighborhood paths to the city park. Located near Intel, Motorala, shopping, dining and the Kyrene Schools. The interior is even more special with 3 bedrooms, and a den/office with charming french doors. The kitchen opens to the family room with a wood burning fire place. There is a 3-car garage to top it off. It doesn't get much better than this. Hurry! It won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* 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
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
 

$441,000$539,000$490,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,702
Property Tax -$305
Property Insurance -$68
HOA -$13
Property Management Fees -$99
CASH FLOW
-$137

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.

$490,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$17,398

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,296

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0703$2,2954$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 5292 W Harrison Court Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
  • 794 E Maria Lane Tempe, AZ 2
    • 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1996
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.99
    •  
  • 690 N May Street Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1991
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.13
    •  
  • 982 N Bradley Drive Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 1994
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.11
    •  
  • 4591 W Oakland Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1992
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.12
    •  
PROPERTY LISTING DETAILS
Chris Carter-kent
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178360
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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