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635 W Mcnair Street Chandler, AZ 85225

4 Beds 2 Baths 2,253 sqft Built 1981

$450,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $199.73
  • 3 Days on Market
  • MLS # : 6172733
  • Updated Date : 12/19/2020 at 12:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,253 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

The brick pavers in the entry way lead you into a home that has been completely remodeled! This great room floor plan has new flooring throughout with carpet in three of the four bedrooms and wood plank tile in the remainder of the home. New kitchen with a large peninsula, new cabinets, quartz counters, new stainless steel appliances, the list goes on. New windows and new paint inside and out. Both bathrooms have been remodeled with quartz counters and the master bath has dual sinks and the shower is tiled with a glass door. New hot water heater. The pool has been redone with new pebble tec surface and all new pool equipment. You will not be disappointed, this home is beautiful inside!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mission Valley

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Mission Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10181981

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Dobson High School High Regular 2,639 122 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,660
Property Tax -$254
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$85

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.

$450,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$24,060

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,000

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$1,9953$2,0004$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 635 W Mcnair Street Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 802 W Chilton Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 1981
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.91
    •  
  • 557 W Monte Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1994
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
  • 844 W Obispo Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1984
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 718 W Curry Street Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1983
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.91
    •  
PROPERTY LISTING DETAILS
Cheryl Benjamin
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172733
Last Updated: 12/19/2020
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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