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6443 S Callaway Drive Chandler, AZ 85249

2 Beds 2 Baths 1,706 sqft Built 2000

$349,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $205.10
  • 2 Days on Market
  • MLS # : 6157806
  • Updated Date : 11/07/2020 at 20:58
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,706 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Golf course lot in the guard gated Springfield community! Inside you'll find 2 bedrooms, den, plus a flex space which could be used as a den or dining room. Spacious kitchen overlooking the back yard & golf course with a large pantry & tons of cabinets & counter space. Family room is next to the kitchen and also looks out over the yard & golf course. Master bedroom suite with big walk-in closet and private bath with double sinks. Sit & relax on your covered back patio while you enjoy the view & listen to your own personal waterfall, or, meet the neighbors while you sit on your front patio. Just a short walk to Grill 61 and the recreation center. Springfield is a gated community with 2 pools, spa, golf course, tennis, pickle ball, gym, bar/grill & tons of activities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Springfield

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Springfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8671780

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,291
Property Tax -$249
Property Insurance -$60
HOA -$20
Property Management Fees -$99
CASH FLOW
-$109

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.

$349,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$15,798

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
  • $1,608

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,4004$1,4505$1,825
$1,825
RENT COMPS ANALYSIS
  • 6443 S Callaway Drive Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,706 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,706 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6155 S Bell Place Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 26624 S Carrera Court Sun Lakes, AZ 3
    • 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,733 Sqft ∙ Built 1993
    LEASED 08/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
  • 2701 E La Costa Drive Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2001
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 10710 E Voax Drive Sun Lakes, AZ 5
    • 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.96
    •  
PROPERTY LISTING DETAILS
Carol Gruber
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157806
Last Updated: 11/07/2020
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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