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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $256.07
- 2 Days on Market
- MLS # : 6168793
- Updated Date : 12/19/2020 at 20:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,894 sqft
- Baths : 2 full
Listing Agent
Infinity & Associates Real Estate
Listing Agent's Description
This 3 Bedroom, 2 Bathroom plus Den home sits on the 15th hole in Lone Tree! It is the Popular Saguaro Model. Master suite with Soaking Tub and Separate shower with double sinks, Large master closet. Large East facing Patio with view of the golf course. 2.5 car garage with built-in cabinets. Original owner and pride of ownership. New Paint inside, New Carpet and New Luxury Vinyl in Master Bathroom. Mountain views and Great location in Solera, across the street from Club House! Gated Solera has Active Rec Center,Heated Pool, Golf, Pickle-ball, Tennis, Bocce, Billiards, Fitness Center, Crafts and so much more. New Home Warranty will Transfer to Buyers.
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PRICE & RENT TRENDS
Neighborhood: Solera Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Solera Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$345 | |
| Property Insurance | -$64 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$298
|
||
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.
$485,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$134,275
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
2.5
YEARS SAVED
$11,527
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,880
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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6320 S White Place Chandler, AZ 1
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2951 E La Costa Drive Chandler, AZ 2
- 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2001
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,550
- $0.90
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4321 E Augusta Avenue Chandler, AZ 3
- 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
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4295 E Cherry Hills Drive Chandler, AZ 4
- 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
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3121 E Doral Drive Chandler, AZ 5
- 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2003
LEASED 12/03/20- Rent
- Rent Per SQFT
- $2,190
- $1.07
PROPERTY LISTING DETAILS
Infinity & Associates Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168793
Last Updated: 12/19/2020
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.
