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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $246.29
- 3 Days on Market
- MLS # : 6187274
- Updated Date : 01/30/2021 at 00:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,214 sqft
- Baths : 2 full
Listing Agent
American Associates
Listing Agent's Description
Location Location Location!! Your buyer's will love the floor plan on this Chandler single family home. Freshly painted inside and out, with a terrific split bedroom layout .Vaulted ceilings in the living room with ceiling shelf, plus intimate family area off of kitchen. Home features kitchen pantry and new dishwasher, bay window and window set in master bedroom. With on-suite bath and walk-in closet. Home is located in neighborhood of all single level homes, near restaurants and shopping . Right around the corner from Espee Park. This is a must see under 300K in Chandler!!! Won't last !!! Buyer to verify all facts and figures. Seller has never lived in property.
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PRICE & RENT TRENDS
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$1,039 |
| Property Tax | -$174 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$113
|
||
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.
$299,000
PROJECTED PRICE
$1,250
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,985
LOAN DETAILS
$1,039
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
3.5
YEARS SAVED
$9,104
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,259
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
663 E Gila Lane Chandler, AZ 1
- 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,250
- $1.03
-
1961 N Hartford Street #1179 Chandler, AZ 2
- 3 beds 3 baths ∙ 1,348 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,348 Sqft ∙ Built 1998
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,350
- $1.00
-
1961 N Hartford Street #1115 Chandler, AZ 3
- 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1997
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,400
- $1.03
-
1961 N Hartford Street #1196 Chandler, AZ 4
- 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 1998
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,475
- $1.08
PROPERTY LISTING DETAILS
American Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187274
Last Updated: 01/30/2021
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.
