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610 W Yellowstone Way Chandler, AZ 85248

4 Beds 3 Baths 2,564 sqft Built 2011

$595,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $232.06
  • 3 Days on Market
  • MLS # : 6162992
  • Updated Date : 11/20/2020 at 14:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,564 sqft
  • Baths : 2 full , 1 half
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

Model like Stunning home in sought after FULTON RANCH!!! N/S facing ,single level with 10 ft ceilings. Beautiful upgrades throughout which include huge kitchen island, granite, gas stove, stainless appliances and walk in pantry. Great room floorplan with formal dining and separate laundry room with sink. Master bedroom is in the back of home with separate exit door to your resort style backyard. The picture perfect back yard has tons of Travertine ,waterfall, gas firepit .above ground spa and heated pool. Spotless 3 car tandem garage and its own A/C.. Award winning Chandler schools,. Beautiful Premier Fulton Ranch lake community is a must see.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fulton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Fulton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Fulton Elementary School Primary Regular 995 48 9
Fulton Elementary School Middle Regular 995 48 9
Hamilton High School High Regular 3,740 190 8

Fulton Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Fulton Elementary School

  • Education Level: Middle
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$535,500$654,500$595,000

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 -$2,195
Property Tax -$347
Property Insurance -$77
HOA -$58
Property Management Fees -$99
CASH FLOW
-$216

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$595,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$21,621

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
  • $1

    LIST RENT PER SQFT
  • $2,551

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4753$2,4994$2,4995$2,560
$2,560
RENT COMPS ANALYSIS
  • 610 W Yellowstone Way Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.00
    •  
  • 760 W Yellowstone Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2012
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
  • 977 W Yellowstone Way Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,404 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,404 Sqft ∙ Built 2016
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.03
    •  
  • 613 W San Carlos Way Chandler, AZ 3
    • 5 beds 3 baths ∙ 2,575 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,575 Sqft ∙ Built 2010
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.97
    •  
  • 988 W Yellowstone Way Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,404 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,404 Sqft ∙ Built 2017
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.04
    •  
PROPERTY LISTING DETAILS
Sam Vega
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162992
Last Updated: 11/20/2020
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.

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