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6381 W Post Road Chandler, AZ 85226

5 Beds 2 Baths 2,480 sqft Built 1998

$502,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $202.42
  • 33 Days on Market
  • MLS # : 6169329
  • Updated Date : 01/08/2021 at 19:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,480 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single story home in Ray Ranch Estates! TWO NEW A/C UNITS! This home has been refreshed with new interior paint (exterior to be completed upon HOA approval), and new carpet. High ceilings and lots of natural light throughout. The kitchen features granite countertops, a large island, and new stainless steel appliances. Split bedroom floorplan for added privacy. The primary bedroom has an ensuite bathroom with dual sinks, separate shower and tub, and walk in closet. Large backyard with a covered patio, concrete area for a BBQ or hot tub, and an RV gate and parking. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ray Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $122k656k

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

Neighborhood: Ray Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452920

* 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 Las Manitas School Primary Regular 597 37 6
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Manitas School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 37
6
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
 

$451,800$552,200$502,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,744
Property Tax -$323
Property Insurance -$76
HOA -$8
Property Management Fees -$99
CASH FLOW
-$89

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.

$502,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.7%
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

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$138,780

INVESTMENT

$138,780

Down Payment
$125,500
Rehab Estimate
$5,750
Closing Costs
$7,530

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,744

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,500
Loan Amount $376,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$21,318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,337

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,1953$2,2004$2,4005$2,548
$2,548
RENT COMPS ANALYSIS
  • 6381 W Post Road Chandler, AZ 1
    • 5 beds 2 baths ∙ 2,480 Sqft ∙ Built 1998 5 beds 2 baths ∙ 2,480 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.87
    •  
  • 5922 W Gary Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1991
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.87
    •  
  • 153 W Myrna Lane Tempe, AZ 3
    • 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1985
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 658 N Poplar Court Chandler, AZ 4
    • 5 beds 2 baths ∙ 2,464 Sqft ∙ Built 1994 5 beds 2 baths ∙ 2,464 Sqft ∙ Built 1994
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
  • 195 W Los Arboles Drive Tempe, AZ 5
    • 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 1992
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,548
    • $0.98
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169329
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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