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749 W Monterey Street Chandler, AZ 85225

3 Beds 2 Baths 1,708 sqft Built 1957

$365,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $213.70
  • 3 Days on Market
  • MLS # : 6167885
  • Updated Date : 12/05/2020 at 16:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,708 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

No HOA and in a great location! This beautifully updated downtown Chandler home is a must see! Open floor-plan with spacious master bedroom. Quartz countertops in the kitchen and bathrooms, white cabinets with stainless steel appliances and fixtures, new flooring throughout, and custom tile in the bathrooms! Newly planted grass in the front and back yard, plus RV gates!

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
Hartford Sylvia Encinas Elementary School Primary Regular 756 40 3
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Hartford Sylvia Encinas Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 40
3
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

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

$328,500$401,500$365,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,347
Property Tax -$213
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$209

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.

$365,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.41%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,742

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5103$1,6004$1,7955$2,035
$2,035
RENT COMPS ANALYSIS
  • 749 W Monterey Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.88
    •  
  • 441 N Sunset Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1956
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
  • 889 W Monterey Street Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1969
    property image
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 966 N Dakota Street Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1958
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 1275 W Ivanhoe Street Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1975
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,035
    • $1.13
    •  
PROPERTY LISTING DETAILS
Stephanie Ellsworth
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167885
Last Updated: 12/05/2020
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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