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5421 W Ivanhoe Court Chandler, AZ 85226

4 Beds 2 Baths 2,111 sqft Built 1993

$489,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $232.07
  • 5 Days on Market
  • MLS # : 6152447
  • Updated Date : 10/30/2020 at 12:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,111 sqft
  • Baths : 2 full
Listing Agent

Aartie Aiyer Realty Llc

Listing Agent's Description

Great location! convenient to Intel, shopping, schools. Short distance to city park & playground. close to I-10, 101, 202. Open and airy floorplan. NEW LAMINATE/vinyl FLOORING throughout the house. Formal living room, formal Dining, Large family room with nice wood burning fireplace, skylights, space for your large-screen TV. kitchen with Granite counters and backsplash opens to family room. 4th bedroom can be den. Bathrooms are upgraded. water-softner! 3 CAR GARAGE. Huge Premium Lot, with view fence to the green belt, entertainers yard with Pool! North/South Exposure.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pineview

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k481k

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

Neighborhood: Pineview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451984

* 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
 

$440,910$538,890$489,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,808
Property Tax -$304
Property Insurance -$68
HOA -$12
Property Management Fees -$99
CASH FLOW
-$362

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.

$489,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,984

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8954$1,9305$2,125
$2,125
RENT COMPS ANALYSIS
  • 5421 W Ivanhoe Court Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.91
    •  
  • 5093 W Buffalo Street Chandler, AZ 1
    • 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
    •  
  • 5708 W Harrison Street Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 1987
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 569 N Aspen Drive Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,013 Sqft ∙ Built 1987
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
  • 4923 W Ivanhoe Court Chandler, AZ 5
    • 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 1994
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $1.03
    •  
PROPERTY LISTING DETAILS
Aartie Aiyer
Aartie Aiyer Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152447
Last Updated: 10/30/2020
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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