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581 N Ash Drive Chandler, AZ 85224

4 Beds 3 Baths 2,717 sqft Built 1989

$499,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $183.99
  • 3 Days on Market
  • MLS # : 6184221
  • Updated Date : 01/22/2021 at 03:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,717 sqft
  • Baths : 3 full
Listing Agent

Delex Realty

Listing Agent's Description

Beautiful house in the lake subdivision of Andersen Springs! With over 2700sf, there's tons of room to play and work! This home has 4 bedrooms, 2.5 bathrooms, a spacious great room, an office/den, and a 3 car garage! Cozy brick fireplace in the center of the family room. Has a covered patio in the backyard along with lots of space to relax outside! House is located in a great neighborhood with greenbelts, lakes, paths & is just minutes away from schools, Chandler Fashion mall, & the lively Downtown Chandler restaurants/bars!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10071869

* 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
San Marcos Elementary School Primary Regular 532 34 5
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

San Marcos Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 34
5
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,736
Property Tax -$291
Property Insurance -$80
HOA -$5
Property Management Fees -$99
CASH FLOW
-$62

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$499,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$25,484

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
  • $2,303

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1954$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 581 N Ash Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1581 W Carla Vista Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1986
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 2143 W Dublin Lane Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.82
    •  
  • 2331 W Toledo Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 1997
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
  • 1611 W Del Rio Street Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.98
    •  
PROPERTY LISTING DETAILS
Sarah Abigail Benner
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184221
Last Updated: 01/22/2021
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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