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675 N Ash Drive Chandler, AZ 85224

4 Beds 3 Baths 3,000 sqft Built 1992

$524,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $174.97
  • 4 Days on Market
  • MLS # : 6195918
  • Updated Date : 02/18/2021 at 19:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,000 sqft
  • Baths : 3 full
Listing Agent

Metro Realty

Listing Agent's Description

OPEN HOUSE SHOWING this SUNDAY 2/21 from 2:30PM - 4:00PM only.NO SIGN ON PROPERTYTenant Lease ends 2/28/21Two green belts, both just one short block away with lakes, play equipment and trails. Fantastic neighborhood. Highly upgraded custom kitchen with large granite island and beautiful cabinets. Gated Pebbletek pool with waterfall. Lots of large tile. Beautiful office with dual built-in desks with real wood wide plank floors and tons of matching wood cabinets. Used to be a 3 car garage however owner professionally converted one bay into real living space with ~4 inch concrete floor poured which is reflected in the 3,000 square footage of this listing. Walking distance to restaurants and shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10071869

* 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
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,823
Property Tax -$306
Property Insurance -$86
HOA -$5
Property Management Fees -$99
CASH FLOW
-$59

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.

$524,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.4%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,823

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$27,249

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
  • $2,423

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1954$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 675 N Ash Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1581 W Carla Vista Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1986
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 2143 W Dublin Lane Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.82
    •  
  • 715 N Yucca Street Chandler, AZ 4
    • 5 beds 3 baths ∙ 2,936 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,936 Sqft ∙ Built 1989
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.82
    •  
  • 2331 W Toledo Place Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 1997
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
PROPERTY LISTING DETAILS
Dennis L Kolodin
Metro Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195918
Last Updated: 02/18/2021
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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