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612 W Flintlock Way Chandler, AZ 85286

3 Beds 4 Baths 2,081 sqft Built 2020

$450,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $216.24
  • 6 Days on Market
  • MLS # : 6185857
  • Updated Date : 01/26/2021 at 21:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,081 sqft
  • Baths : 3 full , 1 half
Listing Agent

Crossroads Brokerage

Listing Agent's Description

Completely remodeled 3-story in gated community. Luxury vinyl plank flooring throughout. New carpet installed in the two upper bedrooms This home features a casita-style bedroom on the first floor with private bathroom. 2nd floor offers a spacious great room, kitchen and dining area. Sliding doors lead out to a wrap-around deck. The kitchen features gas cooktop, stainless appliances, Moen farmhouse sink & large island with breakfast bar. The loft, laundry, master bedroom & secondary bedroom are on the 3rd floor. -Call for appointment today-

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* 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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,563
Property Tax -$262
Property Insurance -$62
HOA -$120
Property Management Fees -$99
CASH FLOW
-$256

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.41%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$121,250

INVESTMENT

$121,250

Down Payment
$112,500
Rehab Estimate
$2,000
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,496

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
  • $1,823

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,7004$1,7255$2,350
$2,350
RENT COMPS ANALYSIS
  • 612 W Flintlock Way Chandler, AZ 1
    • 3 beds 4 baths ∙ 1,783 Sqft ∙ Built 2020 3 beds 4 baths ∙ 1,783 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1086 S Sacramento Place Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 411 W Marlin Place Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2000
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 374 W Thompson Place Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 2001
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.96
    •  
  • 1219 S Tumbleweed Lane Chandler, AZ 5
    • 3 beds 4 baths ∙ 2,080 Sqft ∙ Built 2019 3 beds 4 baths ∙ 2,080 Sqft ∙ Built 2019
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jon T Sherwood
Crossroads Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185857
Last Updated: 01/26/2021
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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