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726 W Hemlock Way Chandler, AZ 85248

5 Beds 3 Baths 2,654 sqft Built 1999

$525,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $197.81
  • 3 Days on Market
  • MLS # : 6165286
  • Updated Date : 11/27/2020 at 13:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,654 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Sonoran

Listing Agent's Description

Move in Ready!! Bring in the New Year in this beautiful home! This home features 5 bedrooms and 3 full bathrooms. One of the bedrooms and bathrooms is downstairs which would be perfect for your out of town guests! Home boasts living room and family room with open concept kitchen. NO CARPET ANYWHERE!! Kitchen has TONS of cabinet and counter space, large island, pantry, gas stove and granite counter tops. Upstairs you will find 3 more guest rooms and a Huge master bedroom. Master bath has double sinks and VERY LARGE walk-in closet! Back yard is so beautiful! Large area of artificial turf, matured trees, covered patio and POOL!! Located in the community of Fox Crossing, it is close to parks, dining, shopping and freeway access. This won't last long, schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fox Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k438k

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

Neighborhood: Fox Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452242

* 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
Basha Elementary School Primary Regular 758 42 8
Basha Elementary School Middle Regular 758 42 8
Hamilton High School High Regular 3,740 190 8

Basha Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Basha Elementary School

  • Education Level: Middle
  • # of students: 758
  • # of teachers: 42
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$472,500$577,500$525,000

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 -$1,937
Property Tax -$306
Property Insurance -$79
HOA -$60
Property Management Fees -$99
CASH FLOW
-$101

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.

$525,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$26,974

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,481

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2953$2,3804$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 726 W Hemlock Way Chandler, AZ 3
    • 5 beds 3 baths ∙ 2,654 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,654 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.90
    •  
  • 3530 S Mcclelland Drive Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1998
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.90
    •  
  • 3381 S Beverly Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 1996
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.91
    •  
  • 760 W Yellowstone Way Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2012
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
  • 4543 S Montana Drive Chandler, AZ 5
    • 4 beds 4 baths ∙ 2,614 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,614 Sqft ∙ Built 2019
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
PROPERTY LISTING DETAILS
Lynette Clemens
Keller Williams Realty Sonoran
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165286
Last Updated: 11/27/2020
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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