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724 N Apollo Court Chandler, AZ 85224

4 Beds 2 Baths 2,115 sqft Built 1991

$437,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $206.62
  • 3 Days on Market
  • MLS # : 6203057
  • Updated Date : 03/06/2021 at 20:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,115 sqft
  • Baths : 2 full
Listing Agent

New Perspective Realty

Listing Agent's Description

Wow! Great Single Level Split Floor Plan in Anderson Springs Community. Great Kitchen with Custom Cabinets Overlooking Spacious Family Room. Home Features a Formal Dining and Living Room with Wood Shutters. Large Master Bedroom Split for Privacy. Large Master Bath w/Separate Soaking Tub and walk in Shower. Large Covered Patio Overlooking Grass Play Area With Private Pool Area. Home Situated On Quiet Cul-De-Sac Street. Travertin Tile in fam R. and all hallways. Newer Carpet and Paint 2019. Great Community with Parks, Walk Paths & Lake. Close to Shopping, Freeways and Schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10071869

* 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
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$393,300$480,700$437,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,518
Property Tax -$255
Property Insurance -$68
HOA -$5
Property Management Fees -$99
CASH FLOW
$195

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$437,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,555

INVESTMENT

$121,555

Down Payment
$109,250
Rehab Estimate
$5,750
Closing Costs
$6,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,250
Loan Amount $327,750
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$45,750

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,369

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1403$2,2504$2,3995$2,495
$2,495
RENT COMPS ANALYSIS
  • 724 N Apollo Court Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,115 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,115 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.01
    •  
  • 1180 W Gary Court Chandler, AZ 1
    • 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1993
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
  • 2581 W Megan Street Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1996
    property image
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.12
    •  
  • 1590 W Dublin Court Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 1992
    property image
    LEASED 02/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $1.14
    •  
  • 1050 N Verano Way Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 1993
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.19
    •  
PROPERTY LISTING DETAILS
Dale Douglas
New Perspective Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203057
Last Updated: 03/06/2021
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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