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737 E Nolan Place Chandler, AZ 85249

3 Beds 2 Baths 1,805 sqft Built 2001

$429,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $237.67
  • 3 Days on Market
  • MLS # : 6150591
  • Updated Date : 11/06/2020 at 12:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,805 sqft
  • Baths : 2 full
Listing Agent

Hub Realty

Listing Agent's Description

Appealing 3-bedroom, 2 bath, 3 car garage home, located in South Chandler near Bear Creek Golf course and the Paseo Trail. This home has warm, neutral tones throughout, large bedrooms, open kitchen and living space. The backyard features a covered patio w/ roll down shades, grass and a paved seating area, including hookups for a future water feature. The garage has plenty of storage with built-in shelving and includes an electric vehicle charging plug.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rockwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k476k

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

Neighborhood: Rockwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452628

* 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
Fulton Elementary School Primary Regular 995 48 9
Fulton Elementary School Middle Regular 995 48 9
Hamilton High School High Regular 3,740 190 8

Fulton Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Fulton Elementary School

  • Education Level: Middle
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Hamilton High School

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

$386,100$471,900$429,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,583
Property Tax -$305
Property Insurance -$62
HOA -$8
Property Management Fees -$99
CASH FLOW
-$208

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.

$429,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$12,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,999

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$2,1004$2,2505$2,250
$2,250
RENT COMPS ANALYSIS
  • 737 E Nolan Place Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 715 E Las Colinas Place Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 250 E San Carlos Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2016
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
  • 929 E Leo Place Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2003
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.14
    •  
  • 960 E Leo Place Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2002
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.14
    •  
PROPERTY LISTING DETAILS
Amy L Hansen
Hub Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6150591
Last Updated: 11/06/2020
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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