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5380 W Chicago Street Chandler, AZ 85226

4 Beds 2 Baths 2,248 sqft Built 1996

$449,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $200.13
  • 4 Days on Market
  • MLS # : 6189441
  • Updated Date : 02/05/2021 at 02:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,248 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This wonderful family home is on a corner lot on the green belt in the perfect Chandler location! A spacious 4BR 2BA with huge kitchen and generous living and family room spaces. The oversized lot is landscaped beautifully for lots of outdoor activities. The gorgeous orchid trees have shed their leaves for the season right now but you will be delighted when they bloom this spring! Security doors front and back. Hot tub works great and conveys as-is.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Monte Vista

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Neighborhood: Monte Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10401981

* 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
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,563
Property Tax -$280
Property Insurance -$71
HOA -$11
Property Management Fees -$99
CASH FLOW
$77

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.

$449,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$32,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,327

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,1254$2,1955$2,650
$2,650
RENT COMPS ANALYSIS
  • 5380 W Chicago Street Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 5333 W Mercury Place Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1997
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 4537 W Earhart Way Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1988
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.96
    •  
  • 880 S Pineview Drive Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1995
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.06
    •  
  • 5412 W Elgin Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 1995
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.21
    •  
PROPERTY LISTING DETAILS
Linda Carlson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189441
Last Updated: 02/05/2021
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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