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652 E Flintlock Place Chandler, AZ 85286

3 Beds 3 Baths 1,574 sqft Built 2002

$335,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $212.83
  • 7 Days on Market
  • MLS # : 6197393
  • Updated Date : 02/25/2021 at 01:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,574 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homie

Listing Agent's Description

A fantastic 3 bedroom 3 bath 2 car garage home in a cul-de-sac in a great neighborhood. Huge amounts of storage, large bedrooms, granite countertops, ceramic tile floors downstairs, laminate flooring upstairs, freshly painted outside. Master bedroom, 2 separate large walk-in closets, each other bedroom has its own walk-in closets. Second upstairs bathroom has a walk-in storage. Kitchen has a pantry. Front yard landscaping is maintained by the HOA, close to shopping center, easy freeway access.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Reflections

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $106k320k

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

Neighborhood: Reflections

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9251780

* 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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$301,500$368,500$335,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,164
Property Tax -$195
Property Insurance -$58
HOA -$99
Property Management Fees -$99
CASH FLOW
$85

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.

$335,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.3%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$27,063

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,696

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,7004$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 652 E Flintlock Place Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.08
    •  
  • 1023 S San Vincente Court Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2002
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 1103 S Fresno Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2008
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 681 E Browning Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2003
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.08
    •  
  • 1043 S San Vincente Court Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2002
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.14
    •  
PROPERTY LISTING DETAILS
Carole Hewitt
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197393
Last Updated: 02/25/2021
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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