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6261 W Post Road Chandler, AZ 85226

4 Beds 3 Baths 3,005 sqft Built 1997

$675,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $224.63
  • 2 Days on Market
  • MLS # : 6206850
  • Updated Date : 03/13/2021 at 15:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,005 sqft
  • Baths : 2 full , 1 half
Listing Agent

Local Board Real Estate

Listing Agent's Description

Ranch Ray Estates corner lot stunner on 1/4 acre! Bright and light with custom built-ins, newly updated kitchen, large closets, and access to backyard from owner's suite and guest bedroom. Ideal location close to freeways, shops, and best restaurants. Open house all weekend. Multiple bids anticipated, submit highest and best.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ray Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k656k

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

Neighborhood: Ray Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452920

* 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 Del Pueblo Middle School Middle Regular 829 50 8
Mountain Pointe High School High Regular 2,685 111 3
Mountain Pointe High School High Unknown NA

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

Mountain Pointe High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$2,345
Property Tax -$419
Property Insurance -$86
HOA -$8
Property Management Fees -$99
CASH FLOW
$64

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.

$675,000

PROJECTED PRICE

$3,020

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.7%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$43,982

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
  • $2,712

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,5004$2,6955$3,000
$3,000
RENT COMPS ANALYSIS
  • 6261 W Post Road Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 151 E Jeanine Drive Tempe, AZ 2
    • 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1987
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.85
    •  
  • 98 E Evelyn Lane Tempe, AZ 3
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1989
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 6281 W Corona Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1997
    property image
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.90
    •  
  • 6324 W Dublin Lane Chandler, AZ 5
    • 4 beds 3 baths ∙ 3,069 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,069 Sqft ∙ Built 1994
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Katrina Barrett
Local Board Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206850
Last Updated: 03/13/2021
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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