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6625 S Pinnacle Court Chandler, AZ 85249

2 Beds 2 Baths 1,149 sqft Built 2003

$290,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $252.39
  • 3 Days on Market
  • MLS # : 6193474
  • Updated Date : 02/12/2021 at 16:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,149 sqft
  • Baths : 2 full
Listing Agent

Maclay Real Estate

Listing Agent's Description

Be the first to see this two bedroom two bathroom property in Springfield Lakes (Adult +55) before it's gone. This home is located on a cul de sac and is very clean and nice and ready to move in. Gated community near golf course and with access to community pool, and clubhouse. . Comes with all of the appliances and a 2 car garage!

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
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Basha High School

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

$261,000$319,000$290,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,007
Property Tax -$206
Property Insurance -$50
HOA -$21
Property Management Fees -$99
CASH FLOW
-$3

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.

$290,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.48%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$16,936

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,373

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3803$1,4254$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 6625 S Pinnacle Court Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.20
    •  
  • 6337 S Pinaleno Place Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.12
    •  
  • 3579 E Hazeltine Way Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,149 Sqft ∙ Built 2004
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.24
    •  
  • 6427 S Pinaleno Place Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.30
    •  
  • 3173 E Peach Tree Drive Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
PROPERTY LISTING DETAILS
Jennifer Maclay
Maclay Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193474
Last Updated: 02/12/2021
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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