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745 E Harrison Street Chandler, AZ 85225

3 Beds 2 Baths 1,611 sqft Built 1978

$330,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $204.84
  • 2 Days on Market
  • MLS # : 6170664
  • Updated Date : 12/12/2020 at 10:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,611 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Great Chandler Location! Remodel. 3 Bedroom, plus Large BONUS ROOM, ( can be 4 bedroom) plus Den. RV Gates and NO HOA! All New Flooring, All new Interior & Exterior Paint. New Kitchen Cabinets, New Granite Countertops, New Bathroom Vanities, All New Brushed Nickel Plumbing and Light Fixtures. New Front Windows to be Installed. Large Storage Loft. Your Clients Will Love This Home!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Galveston Elementary School Primary Regular 699 47 3
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Galveston Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 47
3
GreatSchools Rating

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Chandler High School

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

$297,000$363,000$330,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,218
Property Tax -$192
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$93

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.

$330,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$32,764

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
  • $1,748

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7004$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 745 E Harrison Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 694 E Sheffield Avenue Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1995
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.13
    •  
  • 425 N Williams Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1995
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 651 E Jasper Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1995
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
  • 644 E Sheffield Avenue Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1995
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
PROPERTY LISTING DETAILS
Laurel K. Puszert
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170664
Last Updated: 12/12/2020
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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