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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $312.99
- 2 Days on Market
- MLS # : 6200004
- Updated Date : 02/27/2021 at 00:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,917 sqft
- Baths : 2 full
Listing Agent
Aspen Properties, Inc.
Listing Agent's Description
GORGEOUS SINGLE-LEVEL HOME WITH UPGRADES, AMENITIES AND FABULOUS FEATURES GALORE TO ENJOY! There are 3 Bedrooms, 2 Full Bath with the Master Bathroom having a separate Tiled Surround Shower and a Wonderful Soaking Tub and a separate Water Closet. Both Bathrooms have Double Vanities, Granite Countertops and Tile Surround Bathtub/Shower. There are Beautiful Hardwood Floors in the Office, Kitchen, Dining and Living Areas ,Carpet in the Bedrooms. and Tile in the Bathrooms. There is Custom Stone Creek Cabinets Built in the Den/Office and Two Fabulous Desk Areas. The Kitchen has Gorgeous Granite Countertops, Upgraded Cabinets with Under Cabinet Outlets and Lighting. There are Upgraded Light Fixtures Throughout the Home, Recessed Lighting and Upgraded KitchenAid Appliances. There are Wood
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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 | $2,330 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$373 | |
| Property Insurance | -$65 | |
| HOA | -$105 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$395
|
||
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.
$600,000
PROJECTED PRICE
$2,330
PROJECTED RENT
0.39%
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
$164,750
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $150,000 |
| Loan Amount | $450,000 |
2
YEARS SAVED
$7,609
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,330
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$2,353
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
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7021 W Knox Road Chandler, AZ 2
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1250 N Abbey Lane #299 Chandler, AZ 1
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LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,299
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1250 N Abbey Lane #243 Chandler, AZ 3
- 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2019
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,415
- $1.21
-
9320 S 55th Place Tempe, AZ 4
- 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2017
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,495
- $1.31
-
7127 W Post Road Chandler, AZ 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
Aspen Properties, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6200004
Last Updated: 02/27/2021
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.
