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6372 W Linda Lane Chandler, AZ 85226

4 Beds 3 Baths 2,850 sqft Built 1995

$600,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $210.53
  • 2 Days on Market
  • MLS # : 6209991
  • Updated Date : 03/21/2021 at 01:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,850 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Remodeled single level split Ritz floor plan. Dramatic architectural features throughout-soaring high ceilings, arcades, pot shelves, curves, niches, bay windows and grand foyer with travertine medallion. Diagonal neutral tile throughout. Formal living, dining rooms and office bedroom 4 appointed with antique metal and plantation shutters. Spacious greatroom with wet bar, stone surround fireplace, wood mantle, large windows bring outdoors inside. Beautifully updated cherry cabinetry, quartz counters throughout this home including laundry. Gorgeous kitchen accents, moldings, backsplash, lit glass doors, new appliances. Kohler Choreograph(r) Primary Ensuite with double sinks, separate shower, garden tub and walk-in closet, entry to patio. Bedrooms 2&3 enjoy lux vanity double sinks in bathroom

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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 De La Mirada School Primary Regular 556 36 9
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Mirada School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 36
9
GreatSchools Rating

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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,084
Property Tax -$373
Property Insurance -$83
HOA -$8
Property Management Fees -$99
CASH FLOW
-$277

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.

$600,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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

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$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$14,455

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
  • $2,558

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,3504$2,6955$3,000
$3,000
RENT COMPS ANALYSIS
  • 6372 W Linda Lane Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5951 W Park Avenue Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 1991
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.81
    •  
  • 6191 W Shannon Street Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1995
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 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
    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
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Christine Hartman
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209991
Last Updated: 03/21/2021
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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