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6570 S Whetstone Place Chandler, AZ 85249

2 Beds 2 Baths 2,020 sqft Built 2003

$460,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $227.72
  • 2 Days on Market
  • MLS # : 6154884
  • Updated Date : 11/01/2020 at 20:54
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,020 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Gorgeous Home in PRISTINE condition LOCATED on the 2nd Green. WOW!! This home is perfectly situated on the lot to take advantage of the mountain views, spectacular sunsets golf watching. It really doesn't get any better. Plantation shutters throughout, Gorgeous white cabinetry SS appliances. classy granite counters. Covered patio w/putting green & BBQ/all season kitchen. Highly sought after model w/ loads of natural light, bright and airy.. The Kitchen features breakfast nook and island seating overlooking the green. The family room, den & HUGE great room along with 2nd bedroom w/a murphy bed are phenomenal. The Main sleeping room has a soaking tub/separate shower. Sparkling epoxy floor garage, a golf cart area, built in storage. AC system, H20, RO system and soft water are newer.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Solera Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k341k

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

Neighborhood: Solera Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181780

* 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
Navarrete Elementary School Primary Regular 845 45 9
Navarrete Elementary School Middle Regular 845 45 9
Basha High School High Regular 2,646 125 8

Navarrete Elementary School

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Navarrete Elementary School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,697
Property Tax -$328
Property Insurance -$67
HOA -$21
Property Management Fees -$99
CASH FLOW
-$381

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.

$460,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,784

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
  • $1,818

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,8504$1,900
$1,900
RENT COMPS ANALYSIS
  • 6570 S Whetstone Place Chandler, AZ 1
    • 2 beds 2 baths ∙ 2,020 Sqft ∙ Built 2003 2 beds 2 baths ∙ 2,020 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1943 E Torrey Pines Lane Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,841 Sqft ∙ Built 1992
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.65
    •  
  • 6960 S Four Peaks Way S Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 3930 E Augusta Avenue Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Katie Fear
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154884
Last Updated: 11/01/2020
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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