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6451 W Gary Drive Chandler, AZ 85226

4 Beds 3 Baths 2,959 sqft Built 1998

$500,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $168.98
  • 4 Days on Market
  • MLS # : 6167354
  • Updated Date : 12/05/2020 at 12:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,959 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

WOW, Fantastic Opportunity! This 4 bed , 2.5 bath home has a 4 CAR GARAGE and is located in highly desirable Ray Ranch Estates! It's priced below market, so you can update it and make it your own. Wonderful open floor plan with high vaulted ceilings and lots of windows, make it light and bright. The living room is spacious with tons of natural light and room to entertain. The kitchen has granite countertops and loads of cabinet space. The master bedroom is huge and features a gigantic walk in closet and door out to the pool. ! Last but not least check out the private backyard with a gorgeous sparkling poo and waterfall! Close to dining, shopping and the I-10 freeway. You won't want to miss this amazing home!

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
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,845
Property Tax -$359
Property Insurance -$85
HOA -$8
Property Management Fees -$99
CASH FLOW
$84

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.

$500,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.50%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$42,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,804

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$2,5003$2,6954$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 6451 W Gary Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.84
    •  
  • 5643 W Gary Drive Chandler, AZ 2
    • 5 beds 3 baths ∙ 2,979 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,979 Sqft ∙ Built 1994
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 6281 W Corona Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1997
    property image
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.90
    •  
  • 6324 W Dublin Lane Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,069 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,069 Sqft ∙ Built 1994
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
  • 5982 W Gail Drive Chandler, AZ 5
    • 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 1993
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.07
    •  
PROPERTY LISTING DETAILS
Kristin K Gragg
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167354
Last Updated: 12/05/2020
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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