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6770 S Four Peaks Way Chandler, AZ 85249

2 Beds 2 Baths 1,680 sqft Built 2003

$424,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $252.92
  • 4 Days on Market
  • MLS # : 6153252
  • Updated Date : 11/05/2020 at 02:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,680 sqft
  • Baths : 2 full
Listing Agent

Call Realty, Inc.

Listing Agent's Description

Highly sought-after Solera featuring the Daybreak floor plan that is located on 2nd fairway of Lone Tree golf course has been customized with stunning upgrades. Gorgeous kitchen features cherry raised wood panel cabinets, decorative pull handles, highly desired granite countertops featuring travertine backsplash with accent lighting, and stainless-steel appliances that include an induction range and microwave convection oven. Enjoy sitting in the kitchen with an additional golf course and mountain view. Upgraded plantation shutters and wired surround sound throughout. The stunning master bedroom boasts beautiful bay window, a private bath with dual sinks, and a spacious walk-in closet. Garage features epoxy floor, plenty of storage cabinets, refrigerator, pavers, and sidewalk to trash

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
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,568
Property Tax -$303
Property Insurance -$60
HOA -$21
Property Management Fees -$99
CASH FLOW
-$310

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.

$424,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.41%

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$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,565

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,730

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5503$1,7404$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 6770 S Four Peaks Way Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.04
    •  
  • 6155 S Bell Place Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 6455 S Kimberlee Way Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2001
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 6960 S Four Peaks Way S Chandler, AZ 4
    • 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 5
    • 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Taimi Lee Turek
Call Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153252
Last Updated: 11/05/2020
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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