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5673 S Amberwood Drive Chandler, AZ 85248

4 Beds 4 Baths 3,435 sqft Built 1994

$587,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $170.89
  • 5 Days on Market
  • MLS # : 6198320
  • Updated Date : 02/24/2021 at 06:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,435 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ashby Realty Group, Llc

Listing Agent's Description

Spacious 4 bedroom 3.5 bathroom home with a beautiful golf course view. This home has an extended patio on the east side of the home that is perfect to entertain or just relaxing and enjoying the view. A large spacious kitchen, walk in pantry, Formal dining area and a large front room with a fireplace. The master bedroom is large with room for a sitting area and located on the first floor. Another room is located on the first floor with a full bath. Two guest rooms and a bathroom are located on the second floor. In addition to the 4 bedrooms, a den is located on the first floor. This is one of the largest homes in Ironwood. A three car garage with room for two cars and a golf cart. This Active Community has Restaurants , Golf, swimming, Tennis, PickleBall, Fitness centers, and more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun Lakes

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k377k

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

Neighborhood: Sun Lakes

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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$528,300$645,700$587,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$2,039
Property Tax -$342
Property Insurance -$94
HOA -$30
Property Management Fees -$99
CASH FLOW
$206

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.

$587,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,305

INVESTMENT

$161,305

Down Payment
$146,750
Rehab Estimate
$5,750
Closing Costs
$8,805

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $146,750
Loan Amount $440,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$52,397

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
  • $3,246

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6953$3,4994$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 5673 S Amberwood Drive Chandler, AZ 1
    • 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5161 S Cotton Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.86
    •  
  • 78 W Powell Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,374 Sqft ∙ Built 2009
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,499
    • $1.04
    •  
  • 11305 E Chestnut Drive Chandler, AZ 4
    • 3 beds 4 baths ∙ 3,668 Sqft ∙ Built 2005 3 beds 4 baths ∙ 3,668 Sqft ∙ Built 2005
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.95
    •  
  • 873 E Elmwood Place Chandler, AZ 5
    • 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.93
    •  
PROPERTY LISTING DETAILS
Lyle Burton
Ashby Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198320
Last Updated: 02/24/2021
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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