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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Fox Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fox Crossing
* 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 | -$1,937 |
| 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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
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
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726 W Hemlock Way Chandler, AZ 3
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- Rent
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3530 S Mcclelland Drive Chandler, AZ 1
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LEASED 05/30/19- Rent
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- $2,295
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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
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- 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
Keller Williams Realty Sonoran
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165286
Last Updated: 11/27/2020
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.
