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6331 S Sawgrass Drive Chandler, AZ 85249

2 Beds 2 Baths 908 sqft Built 1991

$250,000

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $275.33
  • 4 Days on Market
  • MLS # : 6181856
  • Updated Date : 01/23/2021 at 01:09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 908 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

FORMER MODEL HOME with GORGEOUS GOLF VIEWS! 2 bedroom/2 bath home near the 18th hole. Beautiful extended covered patio overlooking the green with retractable sunshades, grapefruit and orange trees. Split floorplan. Master overlooks the golfcourse views. Great Room concept with built in entertainment center. Lots of storage throughout the home. New laminate floors 2 years ago. SunBird amenities include:18 hole golf course, clubhouse with restaurant, 2 pools and a spa, Workout room, Tennis and Pickleball, Billiards, Library, Crafts, Horseshoes, Bocce ball, shuffleboard, and much more. On site Post office. You will love this Resort Style Living! Make an offer today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunbird Golf Resort

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k320k

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

Neighborhood: Sunbird Golf Resort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7781780

* 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
Hull Elementary School Primary Regular 777 45 9
Hull Elementary School Middle Regular 777 45 9
Basha High School High Regular 2,646 125 8

Hull Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Hull Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$868
Property Tax -$178
Property Insurance -$45
HOA -$14
Property Management Fees -$99
CASH FLOW
-$115

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.

$250,000

PROJECTED PRICE

$1,090

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$6,449

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,090

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,096

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,0903$1,1004$1,1505$1,295
$1,295
RENT COMPS ANALYSIS
  • 6331 S Sawgrass Drive Chandler, AZ 2
    • 2 beds 2 baths ∙ 908 Sqft ∙ Built 1991 2 beds 2 baths ∙ 908 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $1.20
    •  
  • 6266 S Pinehurst Drive Chandler, AZ 1
    • 2 beds 2 baths ∙ 921 Sqft ∙ Built 1991 2 beds 2 baths ∙ 921 Sqft ∙ Built 1991
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $1.03
    •  
  • 1967 E Torrey Pines Lane Chandler, AZ 3
    • 2 beds 2 baths ∙ 920 Sqft ∙ Built 1990 2 beds 2 baths ∙ 920 Sqft ∙ Built 1990
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.20
    •  
  • 6234 S Oakmont Drive Chandler, AZ 4
    • 2 beds 2 baths ∙ 920 Sqft ∙ Built 1992 2 beds 2 baths ∙ 920 Sqft ∙ Built 1992
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.25
    •  
  • 1851 E Indian Wells Drive Chandler, AZ 5
    • 2 beds 2 baths ∙ 959 Sqft ∙ Built 1992 2 beds 2 baths ∙ 959 Sqft ∙ Built 1992
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.35
    •  
PROPERTY LISTING DETAILS
Diann Valdez
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181856
Last Updated: 01/23/2021
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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