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6081 W Linda Lane Chandler, AZ 85226

4 Beds 3 Baths 2,602 sqft Built 1994

$554,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $213.26
  • 3 Days on Market
  • MLS # : 6204246
  • Updated Date : 03/21/2021 at 02:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,602 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Entertainers Dream! Enjoy this completely renovated home in Warner Ranch. Downstairs you will find an open concept living room/kitchen, formal living room, dinning room with extra cabinets with wine fridge, and a full bedroom with a full bathroom which would make a perfect In-Law Suite. Upstairs you will find 2 oversized bedrooms with a jack-n-jill bathroom and a master suite with a resort style bathroom, his/hers closets, double sinks, and double shower heads in your walk in shower. Now let's talk about outside! Resort style pool, jacuzzi equipped with Bluetooth speakers, a putting green, a custom built in BBQ, and a perfect spot for a fire pit.This home also boasts a 3 car extended garage with epoxy flooring and custom RV gate. This home has it all! Hurry before it's gone!

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
Mountain Pointe High School High Regular 2,685 111 3

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

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$499,410$610,390$554,900

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,927
Property Tax -$345
Property Insurance -$78
HOA -$8
Property Management Fees -$99
CASH FLOW
-$227

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.

$554,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.40%

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$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$152,799

INVESTMENT

$152,799

Down Payment
$138,725
Rehab Estimate
$5,750
Closing Costs
$8,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,927

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $138,725
Loan Amount $416,175
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$15,078

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,433

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,230
1$2,2302$2,3503$2,3504$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 6081 W Linda Lane Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.86
    •  
  • 6191 W Shannon Street Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1995
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 811 N Rush Street Chandler, AZ 3
    • 5 beds 3 baths ∙ 2,759 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,759 Sqft ∙ Built 1994
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
  • 658 N Poplar Court Chandler, AZ 4
    • 5 beds 2 baths ∙ 2,464 Sqft ∙ Built 1994 5 beds 2 baths ∙ 2,464 Sqft ∙ Built 1994
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
  • 5702 W Gary Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,557 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,557 Sqft ∙ Built 1993
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.02
    •  
PROPERTY LISTING DETAILS
Ashley Leann Fitzgerald
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204246
Last Updated: 03/21/2021
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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