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631 E Banelli Place Chandler, AZ 85286

3 Beds 2 Baths 1,162 sqft Built 2003

$290,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $249.57
  • 6 Days on Market
  • MLS # : 6191965
  • Updated Date : 02/14/2021 at 04:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,162 sqft
  • Baths : 2 full
Listing Agent

Rcp Real Estate Llc

Listing Agent's Description

Open House Saturday 02/13 (12:00 to 3:00 p.m.) All offers by 4:00 p.m. on 02/14 .Look no further! Immaculate open concept, 3 bedroom, 2 bath, 2 car garage starter home for a family. Easy turn-key for the busy person who doesn't want a lot of maintenance, or perfect as an investor property. Close to 202, Chandler Mall, downtown Chandler shopping and night life. Walking distance to local restaurants and stores. Quaint, quiet neighborhood with a community park and bus stop right around the corner. Indoor laundry, new wood laminate flooring and lighting in main living area, A/C unit 2015, water softener and newer neutral paint and appliances. Plenty of cabinets and counter space for the chef in the family. Antique fireplace mantel does not convey. 90 days post-possession.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Reflections

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $106k320k

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

Neighborhood: Reflections

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9251780

* 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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,007
Property Tax -$169
Property Insurance -$50
HOA -$99
Property Management Fees -$99
CASH FLOW
-$54

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$290,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,459

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
  • $1,362

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,3504$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 631 E Banelli Place Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 876 S Nebraska Street #20 Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,060 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,060 Sqft ∙ Built 1986
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.13
    •  
  • 876 S Nebraska Street #79 Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1998
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.14
    •  
  • 773 E Wildhorse Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1995
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.21
    •  
  • 884 E Morelos Street Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1995
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.21
    •  
PROPERTY LISTING DETAILS
Steven J Zobro
Rcp Real Estate Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191965
Last Updated: 02/14/2021
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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