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5443 W Venus Way Chandler, AZ 85226

3 Beds 2 Baths 1,676 sqft Built 1997

$425,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $253.58
  • 4 Days on Market
  • MLS # : 6202219
  • Updated Date : 03/06/2021 at 23:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,676 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Beautiful single level in a quiet community that has been impeccably maintained, nicely updated & perfect an owner occupant or a great rental investment! This home offers a split floor plan, vaulted ceilings, new flooring, newer AC unit, recently refinished pool/pool decking, custom paint & more. The kitchen is open & features ample cabinet & countertop space, fridge, stainless steel appliances, granite countertops & a nice breakfast bar. The master suite is privately located, features a custom tile walk-in shower & a large custom walk-in closet. The backyard is magnificent with a private pool, covered patio & citrus trees. Offers will be reviewed Sunday March 7th.

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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,476
Property Tax -$264
Property Insurance -$60
HOA -$51
Property Management Fees -$99
CASH FLOW
-$70

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.

$425,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,869

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8804$1,8955$2,050
$2,050
RENT COMPS ANALYSIS
  • 5443 W Venus Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.12
    •  
  • 5469 W Milky Way Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1996
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.07
    •  
  • 150 N Bradley Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1995
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.11
    •  
  • 175 S Fir Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1985
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.06
    •  
  • 90 S Pineview Place Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.22
    •  
PROPERTY LISTING DETAILS
Jason Dawson
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202219
Last Updated: 03/06/2021
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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