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5411 W Mercury Way Chandler, AZ 85226

4 Beds 3 Baths 2,493 sqft Built 1997

$500,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $200.56
  • 4 Days on Market
  • MLS # : 6189938
  • Updated Date : 02/04/2021 at 21:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,493 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

MUST SEE this beautiful home is in the heart of the Kyrene school district! It boasts a newly renovated kitchen with gorgeous quartz countertops. The spacious master suite has a lovely sitting room. Enjoy an additional bedroom with bath downstairs- faboulous for guests and/or family privacy. New AC. New pool pump. The backyard is a sprawling oasis, meticulously designed designed for entertaining and fun. overed patio, sparkling pool and spa.....Your clients will be grateful you showed this gem.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Driftwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k367k

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

Neighborhood: Driftwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,737
Property Tax -$311
Property Insurance -$76
HOA -$51
Property Management Fees -$99
CASH FLOW
-$3

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.

$500,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.1%
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$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$27,552

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,381

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2453$2,2704$2,3005$2,495
$2,495
RENT COMPS ANALYSIS
  • 5411 W Mercury Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.91
    •  
  • 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
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 4633 W Detroit Street Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,431 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,431 Sqft ∙ Built 1994
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.92
    •  
  • 716 N Bradley Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1994
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 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
Brooke Bogart
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189938
Last Updated: 02/04/2021
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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