Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

580 W Roadrunner Drive Chandler, AZ 85286

4 Beds 3 Baths 3,024 sqft Built 2001

$559,900

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $185.15
  • 3 Days on Market
  • MLS # : 6154388
  • Updated Date : 11/07/2020 at 17:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,024 sqft
  • Baths : 3 full
Listing Agent

Re/max Solutions

Listing Agent's Description

Beautiful home located in exclusive South Chandler. This home has been recently painted throughout. In addition, the home boasts wood flooring in main living areas, new carpet, and amazing statement tile work. Spacious kitchen offers a large island with breakfast bar, granite counter-tops, and tiled back-splash. The large master suite includes beautiful views, and en-suite bathroom with garden tub, separate shower, private toilet room, and double sink vanity. All this plus a large backyard with a built in BBQ, pool and putt putt golf area with artificial turf. Amazing location close to freeways and shopping plus one of the best school districts in the state. Hurry, this will sell fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carino Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k400k

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

Neighborhood: Carino Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452061

* 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
Hancock Elementary School Primary Regular 863 43 8
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Hancock Elementary School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 43
8
GreatSchools Rating

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
 

$503,910$615,890$559,900

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,066
Property Tax -$326
Property Insurance -$86
HOA -$11
Property Management Fees -$99
CASH FLOW
-$28

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.

$559,900

PROJECTED PRICE

$2,560

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$154,124

INVESTMENT

$154,124

Down Payment
$139,975
Rehab Estimate
$5,750
Closing Costs
$8,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,975
Loan Amount $419,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$36,690

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,911

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,560
1$2,5602$2,8503$2,9994$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 580 W Roadrunner Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.85
    •  
  • 772 W Raven Drive Chandler, AZ 2
    • 5 beds 3 baths ∙ 3,024 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,024 Sqft ∙ Built 1999
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.94
    •  
  • 543 W Canary Way Chandler, AZ 3
    • 5 beds 3 baths ∙ 3,024 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,024 Sqft ∙ Built 2001
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $0.99
    •  
  • 643 W Honeysuckle Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1997
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
  • 3281 S Vine Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,128 Sqft ∙ Built 1998
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Michael Kent
Re/max Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154388
Last Updated: 11/07/2020
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.

BESbswy