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5620 W Frye Road Chandler, AZ 85226

3 Beds 3 Baths 1,928 sqft Built 1990

$430,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $223.03
  • 3 Days on Market
  • MLS # : 6212437
  • Updated Date : 03/28/2021 at 00:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,928 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

THIS IS THE ONE!! Enter through a beautiful courtyard, once in - you will notice extensive tile flooring, separate living/family room (or use this space as formal/dining area) and a gorgeous kitchen that is a chefs dream!! The updated kitchen (completed 12/20) is absolutely stunning!! New kitchen cabinets (42'' uppers), new granite countertops, oversized island with granite slab and built-in wine refrigerator, new appliances, new pantry with oversized door and sensor light, built-in garbage/recycle bin. But wait, let's not forget to mention the oasis style backyard with a pool!! Talk about the perfect entertaining space, several patios, turf area, tangelo tree, pool w/water feature - built in bench/table and sunny shelf! There is too much to list, THIS IS A MUST SEE PROPERTY!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
 

$387,000$473,000$430,000

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 -$1,494
Property Tax -$267
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$44

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.

$430,000

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) 5.6%
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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$20,923

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
  • $2,044

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$2,0004$2,1905$2,195
$2,195
RENT COMPS ANALYSIS
  • 5620 W Frye Road Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 175 S Fir Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1985
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.06
    •  
  • 5149 W Saragosa Street Chandler, AZ 3
    • 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 1990
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 5442 W Fairview Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1996
    property image
    LEASED 03/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.08
    •  
  • 880 S Pineview Drive Chandler, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Robin E. Pinkus
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212437
Last Updated: 03/28/2021
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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