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774 W Winchester Drive Chandler, AZ 85286

4 Beds 3 Baths 2,591 sqft Built 2018

$525,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $202.62
  • 4 Days on Market
  • MLS # : 6202204
  • Updated Date : 03/07/2021 at 00:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,591 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Gorgeous property in a great community can now be yours! This fantastic 4 bedroom, 3 bath home has delightful curb appeal with a 2 car garage & low maintenance front yard. As you step inside, you'll fall in love with the functional floor plan! Open & bright with tile floor, designer paint & recessed lighting. One bedroom & full bath located downstairs. Beautiful gourmet kitchen features espresso cabinets, stainless steel appliances, gas cooktop w/hood, double ovens, under counter micro, basin sink, tile backsplash, walk-in pantry, speckled granite counters & island. Oversized loft is perfect for a TV/game area. Master suite includes a sitting room, walk-in closet & ensuite with dual vanity, step-in shower & soaking tub. Relax under the covered patio & enjoy the no maintenance turf yard.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k383k

* 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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$472,500$577,500$525,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,824
Property Tax -$306
Property Insurance -$78
HOA -$99
Property Management Fees -$99
CASH FLOW
-$65

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

$2,340

PROJECTED RENT

0.45%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$23,655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,358

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3403$2,3504$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 774 W Winchester Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.90
    •  
  • 744 W Flintlock Way Chandler, AZ 1
    • 4 beds 4 baths ∙ 2,565 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,565 Sqft ∙ Built 2019
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 643 W Winchester Drive Chandler, AZ 3
    • 4 beds 4 baths ∙ 2,565 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,565 Sqft ∙ Built 2020
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.92
    •  
  • 661 W Winchester Drive Chandler, AZ 4
    • 4 beds 4 baths ∙ 2,565 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,565 Sqft ∙ Built 2020
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.92
    •  
  • 1444 W Spruce Drive Chandler, AZ 5
    • 5 beds 3 baths ∙ 2,539 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,539 Sqft ∙ Built 1999
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
PROPERTY LISTING DETAILS
Rebecca Swan
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202204
Last Updated: 03/07/2021
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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