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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $214.74
- 6 Days on Market
- MLS # : 6191936
- Updated Date : 02/11/2021 at 20:27
CONSTRUCTION
- Beds : 4
- Floor Size : 1,676 sqft
- Baths : 2 full
Listing Agent
Valle Del Sol Realty, Llc
Listing Agent's Description
This is a beautiful four bedroom MOVE-IN ready home. The home features a brand new kitchen with open shelving, new refrigerator and stove. Fabulous tile with custom tile mosaics in entry & both bathrooms along with ceiling fans and upgraded lighting throughout the home. There is also a great room as well as a living room with a cozy fireplace. In addition, you will also find a 2 car garage with extra space, an RV gate with parking & a huge oversize lot with a wonderful sparkling diving pool. And you will love the large covered patio for experiencing our wonderful Arizona weather. NO HOA - COME SEE IT TODAY!!!
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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 | $1,570 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$210 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$49
|
||
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.
$359,900
PROJECTED PRICE
$1,570
PROJECTED RENT
0.44%
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
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
4.58
YEARS SAVED
$16,806
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,634
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
683 W Gail Drive Chandler, AZ 3
- 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,570
- $0.94
-
1510 W Gail Drive Chandler, AZ 1
- 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1991
LEASED 12/30/20- Rent
- Rent Per SQFT
- $1,500
- $0.95
-
1623 N Comanche Drive Chandler, AZ 2
- 3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1984
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,525
- $0.91
-
1412 W Megan Street Chandler, AZ 4
- 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1979
LEASED 09/19/20- Rent
- Rent Per SQFT
- $1,750
- $1.02
-
966 N Dakota Street Chandler, AZ 5
- 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1958
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,795
- $1.02
PROPERTY LISTING DETAILS
Valle Del Sol Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191936
Last Updated: 02/11/2021
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.
