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7010 W Post Road Chandler, AZ 85226

3 Beds 2 Baths 1,917 sqft Built 2018

INVESTimate

$575,000

List Price

$2,100

$1,890 - $2,310

Rent Est.

$607,258  ( +5.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $299.95
  • 8 Days on Market
  • MLS # : 6117429
  • Updated Date : 08/20/2020 at 13:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,917 sqft
  • Baths : 2 full
Listing Agent

Glass House International

Listing Agent's Description

This one is a show stopper! Stunning single level turn key home in a gated community! You won't be disappointed as this home has $$$$ of upgrades and it shows! Simply beautiful! Some of this home's special features include: Shiplap, brick, batten and no texture walls. Upper kitchen cabinets to the ceiling, black stainless steel appliances, modern lighting & ceiling fans. Tile throughout (no carpet). Low maintenance yard with artificial turf Urban living in an exclusive charming Chandler community called Rhythm. Residents enjoy their own community pool, fitness center, basketball court and social gathering spaces.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Kyrene De Las Manitas School Primary Regular 597 37 6
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Manitas School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 37
6
GreatSchools Rating

Kyrene Del Pueblo Middle School

  • Education Level: Middle
  • # of students: 829
  • # of teachers: 50
8
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

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-$10k-$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$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$2,122
Property Tax -$357
Property Insurance -$65
HOA -$96
Property Management Fees -$99
CASH FLOW
-$638

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.

$575,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,520

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,113

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1003$2,1004$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 7010 W Post Road Chandler, 3
    • 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
  • 9210 S Beck Avenue Tempe, 1
    • 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 2009
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
  • 1141 W Dawn Drive Tempe, 2
    • 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 2008
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.05
    •  
  • 1250 N Abbey Lane #243 Chandler, 4
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2019
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.20
    •  
  • 7127 W Post Road Chandler, 5
    • 3 beds 3 baths ∙ 2,056 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,056 Sqft ∙ Built 2017
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.21
    •  
PROPERTY LISTING DETAILS
Nicole W. Hamming
Glass House International
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6117429
Last Updated: 08/20/2020
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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