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651 W Azalea Drive Chandler, AZ 85248

4 Beds 2 Baths 2,625 sqft Built 2001

$750,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $285.71
  • 4 Days on Market
  • MLS # : 6175772
  • Updated Date : 12/31/2020 at 14:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,625 sqft
  • Baths : 2 full
Listing Agent

Montebello Fine Properties

Listing Agent's Description

LOCATION! LOCATION! This home comes FURNISHED and move in ready. Single story with a SPLIT floor plan in beautiful GATED LAKE community of Santorini Shores. Spacious, open floorplan with plantation shutters throughout. Beautiful backyard OASIS is great for entertaining. Heated, Pebble Tea pool with Rock Waterfall, Cozy Fireplace, Putting Green, Outdoor Kitchen, Ceiling Fans & TV. The Huge Master suite with his & her own Walk-In Closets, deluxe style bathroom with walk-in shower, garden tub, double sinks and private patio access. All secondary bedrooms are a good size. Large kitchen offers granite counters, large walk-in pantry with large island. Laundry room has sink and many storage cabinets. 3 car garage with built in cabinets and work area. Lock & leave, low maintenance.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Octotillo

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k459k

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

Neighborhood: The Octotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452356

* 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
Basha Elementary School Primary Regular 758 42 8
Basha Elementary School Middle Regular 758 42 8
Hamilton High School High Regular 3,740 190 8

Basha Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Basha Elementary School

  • Education Level: Middle
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,767
Property Tax -$437
Property Insurance -$78
HOA -$61
Property Management Fees -$99
CASH FLOW
-$552

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.

$750,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$11,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,474

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3953$2,4004$2,6005$2,890
$2,890
RENT COMPS ANALYSIS
  • 651 W Azalea Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,625 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,625 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.10
    •  
  • 2961 S Colorado Street Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 2942 S Holguin Way Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,447 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,447 Sqft ∙ Built 2000
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.98
    •  
  • 760 W Yellowstone Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2012
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
  • 414 W Honeysuckle Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2006
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.98
    •  
PROPERTY LISTING DETAILS
Pamela B Fandrich
Montebello Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175772
Last Updated: 12/31/2020
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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