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612 W Flintlock Way Chandler, AZ 85286

3 Beds 4 Baths 1,783 sqft Built 2020

$453,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $254.07
  • 1 Days on Market
  • MLS # : 6191101
  • Updated Date : 02/07/2021 at 04:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,783 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

UPGRADED AND READY TO BE YOUR NEW HOME! This home is a beautifully upgraded tri-level with detached Casita in gated Haven community of Chandler! Open kitchen with Gas cooktop, stainless appliances, granite counters and large island-- all leading out to the big second story patio for those beautiful Arizona evenings. Brand new luxury vinyl flooring throughout the kitchen and living spaces and 2021 installed carpet in the bedrooms. Bedrooms, office/den and laundry all located on top level giving lots of space and privacy! The highly desirable Haven Community offers community pool, rec center, fitness center and walking paths! The Mattamy Homes, Havasu model with added Casita does not come available often, don't wait and miss out!

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
 

$407,700$498,300$453,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,573
Property Tax -$264
Property Insurance -$62
HOA -$200
Property Management Fees -$99
CASH FLOW
-$178

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.

$453,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.45%

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$15k

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$122,045

INVESTMENT

$122,045

Down Payment
$113,250
Rehab Estimate
$2,000
Closing Costs
$6,795

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,573

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,250
Loan Amount $339,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,250

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
  • $2,001

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$2,2954$2,3255$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
    •  
  • 1162 S Cheri Lynn Drive Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2019
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.13
    •  
  • 766 W Winchester Drive Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2018
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.15
    •  
  • 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
Maria E Moore
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191101
Last Updated: 02/07/2021
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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