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748 E Nolan Place Chandler, AZ 85249

3 Beds 2 Baths 2,099 sqft Built 2002

$475,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $226.30
  • 4 Days on Market
  • MLS # : 6198789
  • Updated Date : 02/26/2021 at 18:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,099 sqft
  • Baths : 2 full
Listing Agent

Conway Real Estate

Listing Agent's Description

* WELCOME HOME * This meticulously well maintained, single level home with split floor plan in Rockwood Estates. Features a large great room and family room right off the updated kitchen. This 3 bedroom spilt floorplan also have a office/den space with double doors!!The open backyard has plenty of space to add a pool/spa, plenty of room create the perfect entertaining backyard !!** YOU WILL NOT WAT TO MISS OUT ON THIS OPPORTUNITY TO CALL THIS HOUSE YOUR HOME **

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
Santan Junior High School Middle Regular 1,291 60 9
Hamilton High School High Regular 3,740 190 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Hamilton High School

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

$427,500$522,500$475,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,650
Property Tax -$338
Property Insurance -$68
HOA -$8
Property Management Fees -$99
CASH FLOW
$87

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.

$475,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.47%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$34,058

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,340

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2503$2,2954$2,3005$2,395
$2,395
RENT COMPS ANALYSIS
  • 748 E Nolan Place Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.07
    •  
  • 960 E Leo Place Chandler, AZ 1
    • 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
    •  
  • 795 E Blue Ridge Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2004
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.05
    •  
  • 512 E Rainbow Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 2004
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.12
    •  
  • 928 E Libra Place Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 2001
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.15
    •  
PROPERTY LISTING DETAILS
Heather K Hatch
Conway Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198789
Last Updated: 02/26/2021
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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