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5816 W Ivanhoe Street Chandler, AZ 85226

4 Beds 2 Baths 2,214 sqft Built 1991

$449,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $203.21
  • 4 Days on Market
  • MLS # : 6209033
  • Updated Date : 03/18/2021 at 22:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,214 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Prime location, close to freeways, shopping, schools, etc. Nestled on an interior street away from traffic is this 2200+ sf home with pebble teck pool, 4 bdrms and 3 car garage. plus RV gate. Bedrooms are split, 2 and 2. Separate living and dining room which can be multi-purposed for your needs. Nice size kitchen and pantry. Lots of natural light. Home is a diamond in the rough and ready for your special touches.Enjoy the community lake which is down the street.Spa on backyard does not convey.Verbiage must be in contract:This contract is not assignable or transferable.

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 Mirada School Primary Regular 556 36 9
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Corona Del Sol High School High Regular 2,781 114 7

Kyrene De La Mirada School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 36
9
GreatSchools Rating

Kyrene Del Pueblo Middle School

  • Education Level: Middle
  • # of students: 829
  • # of teachers: 50
8
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,563
Property Tax -$285
Property Insurance -$70
HOA -$27
Property Management Fees -$99
CASH FLOW
$56

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.

$449,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.47%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$30,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,325

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1953$2,2954$2,3005$2,395
$2,395
RENT COMPS ANALYSIS
  • 5816 W Ivanhoe Street Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 5203 W Megan Street Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1994
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.94
    •  
  • 982 N Bradley Drive Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 1994
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.11
    •  
  • 716 N Bradley Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1994
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 5759 W Drake Court Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 1993
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.16
    •  
PROPERTY LISTING DETAILS
Barbara Tillis Tietz
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209033
Last Updated: 03/18/2021
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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