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625 W Toledo Street Chandler, AZ 85225

3 Beds 3 Baths 2,160 sqft Built 1956

$489,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $226.39
  • 2 Days on Market
  • MLS # : 6154936
  • Updated Date : 11/02/2020 at 10:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,160 sqft
  • Baths : 2 full , 1 half
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Nestled in a quiet neighborhood at the end of the street near downtown Chandler, sits this extraordinary, one of a kind home. This house was custom-built on two lots as a wedding gift, and owned for decades by members of the original family. It has been tastefully updated by its third owner, inside and out, and sits on a large, irrigated lot (over 1/3 acre). Inside is an interior that looks straight out of a magazine. Simply too many things to list, but one lovely feature is custom-built wainscoting throughout the entryway, living room, formal dining room and eat-in kitchen (including floor-to-ceiling). In the kitchen, take note of the beautiful Thermador range with hood, and stainless steel appliances that all convey with the home. Along with the granite, a large beech wood countertop i

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

* 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
Hartford Sylvia Encinas Elementary School Primary Regular 756 40 3
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Hartford Sylvia Encinas Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 40
3
GreatSchools Rating

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
 

$440,100$537,900$489,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,804
Property Tax -$285
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$337

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.

$489,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.39%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$8,797

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
  • $2,160

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5883$2,400
$2,400
RENT COMPS ANALYSIS
  • 625 W Toledo Street Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 1956 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 532 W Dublin Street #8 Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,302 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,302 Sqft ∙ Built 1962
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,588
    • $0.69
    •  
  • 1280 W Ivanhoe Street Chandler, AZ 3
    • 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 1975 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 1975
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.31
    •  
PROPERTY LISTING DETAILS
Templeton Walker
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154936
Last Updated: 11/02/2020
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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