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5402 W Fairview Street Chandler, AZ 85226

4 Beds 3 Baths 2,364 sqft Built 1996

$459,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $194.54
  • 3 Days on Market
  • MLS # : 6157262
  • Updated Date : 11/06/2020 at 17:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,364 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Wow... This beautifully landscaped Chandler home is a must see! Fantastic floor plan features formal living and dining, family room + 1 bedroom and bath w/shower downstairs. Lovely neutral diagonal tile, wood laminate & carpet upstairs. Custom kitchen boasts a plenty of cherry cabinets w/nickel hardware & pull out shelves, corian counters, island, stainless steel appliances including fridge, double ovens, bay window + under cabinet lighting. Double doors lead to master suite that offers 2 huge closets (one large enough & currently used as an office), soaking tub, sep shower + double vanities. Good size bedrooms-one w/walk-in closet. Gorgeous lush private backyard features sparkling pool, lots of cool deck, sun shades, planters, ceiling fan, gazebo + TV, BBQ & firepit stay. A MUST SEE!

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
Mountain Pointe High School High Regular 2,685 111 3

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

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,697
Property Tax -$286
Property Insurance -$73
HOA -$11
Property Management Fees -$99
CASH FLOW
-$56

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.

$459,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$26,903

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
  • $2,305

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1254$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 5402 W Fairview Street Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5333 W Mercury Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1997
    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
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.96
    •  
  • 5351 W Morgan Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1997
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.03
    •  
  • 5435 W Buffalo Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1997
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.00
    •  
PROPERTY LISTING DETAILS
Suzi Sayer
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157262
Last Updated: 11/06/2020
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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