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7069 W Carter Drive Chandler, AZ 85226

3 Beds 4 Baths 2,408 sqft Built 2018

$539,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $223.84
  • 2 Days on Market
  • MLS # : 6176381
  • Updated Date : 01/02/2021 at 21:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,408 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful Chandler gated community! Contemporary design! Stunning 3 story home in the desirable Rhythm subdivision! Loaded with upgrades and builder options! Wow kitchen has a walk-in pantry, amazing quartz counters and built in oven! Home features include in-ceiling surround sound, upgraded wood plank tile, remote controlled blinds in great room and kitchen. Master bath has a huge extended walk-in shower with rainfall shower head! Low maintenance yard with a built-in BBQ, dog run with a doggie door! Too many upgrades to list!

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
 

$485,100$592,900$539,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,989
Property Tax -$335
Property Insurance -$74
HOA -$106
Property Management Fees -$99
CASH FLOW
-$223

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.

$539,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.44%

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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$17,803

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,366

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1954$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 7069 W Carter Drive Chandler, AZ 1
    • 3 beds 4 baths ∙ 2,408 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,408 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1250 N Abbey Lane #272 Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2018
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 1135 W Caroline Lane Tempe, AZ 3
    • 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2007
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.98
    •  
  • 835 N Alison Way Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 2015
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.01
    •  
  • 7084 W Ivanhoe Street Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2015
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
PROPERTY LISTING DETAILS
Brian L Zemlicka
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176381
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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