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PROPERTY INFO
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!
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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 | $2,380 |
| 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
| 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
$148,585
LOAN DETAILS
$1,989
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $134,750 |
| Loan Amount | $404,250 |
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
-
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
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176381
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
