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680 W Saragosa Street Chandler, AZ 85225

3 Beds 2 Baths 2,028 sqft Built 1992

$415,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $204.64
  • 2 Days on Market
  • MLS # : 6157761
  • Updated Date : 11/07/2020 at 14:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,028 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful curb appeal. Original owners of this lovely home. While being built the living room was shortened to add room to the Master to create a private vanity station and built-in dressers. Formal living & dining. Plantation Shutters. Vaulted ceilings and soft color palette. Laminate wood floors throughout the home. The stunning kitchen has custom white cabinets, gorgeous slab granite counters & backsplash, white appliances, breakfast bar seating, built-in desk, solar tube to bring in the natural light, and a walk-in pantry. Generous sized bedrooms. Guest bath has a private entrance to the patio. Master has a full bath to include a double vanity, separate tub & shower and custom walk-in closet.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Marcos Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: San Marcos Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10281981

* 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
San Marcos Elementary School Primary Regular 532 34 5
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

San Marcos Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 34
5
GreatSchools Rating

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,531
Property Tax -$242
Property Insurance -$67
HOA -$36
Property Management Fees -$99
CASH FLOW
-$185

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.

$415,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$13,565

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,998

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,9003$1,9954$2,1995$2,250
$2,250
RENT COMPS ANALYSIS
  • 680 W Saragosa Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.88
    •  
  • 891 S Apache Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 724 S Cheri Lynn Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 1992
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 854 S Comanche Court Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $1.03
    •  
  • 1323 W Morelos Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.05
    •  
PROPERTY LISTING DETAILS
Bridget Becker
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157761
Last Updated: 11/07/2020
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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