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597 W Jasper Drive Chandler, AZ 85225

4 Beds 2 Baths 2,130 sqft Built 1976

$529,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $248.36
  • 1 Days on Market
  • MLS # : 6263707
  • Updated Date : 07/13/2021 at 15:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,130 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous property with significant upgrades last 3 years including $28,000 master bath remodel in 2020 - don't miss this opportunity to live in this classic, desirable neighborhood w/NO HOA fees, located across the street from Knox Gifted Academy. Formal living room separated from kitchen/breakfast area by barn doors, cabinets newer, quartz countertops, tile backsplash, oversized family room completely open to kitchen, 4 bedrooms, all plank tile flooring t/o; designer touches including interior paints & exterior repainted 6/21. Love the remodeled front courtyard & landscaping; RV side gate on oversized corner lot, extended patio to enjoy great backyard. AC new approx. 4 years.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunderbird Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Thunderbird Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9881780

* 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
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

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
 

$476,100$581,900$529,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,837
Property Tax -$308
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$383

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.

$529,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
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

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$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$7,220

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
  • $2,077

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,8004$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 597 W Jasper Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1351 N Peden Circle Chandler, AZ 2
    • 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 627 E Shannon Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1995
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 723 E Shannon Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1996
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 1180 W Gary Court Chandler, AZ 5
    • 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1993
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
PROPERTY LISTING DETAILS
Carol Havins
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263707
Last Updated: 07/13/2021
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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