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7021 W Knox Road Chandler, AZ 85226

3 Beds 2 Baths 1,917 sqft Built 2017

$600,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
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

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 Del Pueblo Middle School Middle Regular 829 50 8
Mountain Pointe High School High Regular 2,685 111 3
Mountain Pointe High School High Unknown NA

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

Mountain Pointe High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

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
$2,299
1$2,2992$2,3303$2,4154$2,4955$2,495
$2,495
RENT COMPS ANALYSIS
  • 7021 W Knox Road Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.22
    •  
  • 1250 N Abbey Lane #299 Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 2017
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.18
    •  
  • 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
Georgine Nielson
Aspen Properties, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200004
Last Updated: 02/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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