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833 W Elgin Street Chandler, AZ 85225

5 Beds 4 Baths 4,059 sqft Built 2006

$599,900

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $147.80
  • 1 Days on Market
  • MLS # : 6170868
  • Updated Date : 12/12/2020 at 20:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,059 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Wow! Amazing 4,000+ square foot home in the gorgeous Campo Verde neighborhood in Chandler. Just look at this place! Enter through the private courtyard into the main formal areas. Master bedroom downstairs, other bedrooms up. Kitchen features stainless appliances, granite counters and lots of room. Master bedroom has huge 20+ foot ceilings with an office workspace that looks down to the room and has a private set of stairs for private master bedroom access. Five bedrooms total plus a spacious loft in the center of the upstairs space. The only hiccup is that there is a TENANT IN PLACE UNTIL JULY 2021. But why not buy now, collect the rent and move-in the middle of next year? Purchase now at a great price before prices soar even higher!

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
San Marcos Elementary School Primary Regular 532 34 5
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

San Marcos Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 34
5
GreatSchools Rating

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
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$2,213
Property Tax -$359
Property Insurance -$106
HOA -$88
Property Management Fees -$99
CASH FLOW
$165

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.

$599,900

PROJECTED PRICE

$3,030

PROJECTED RENT

0.51%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$57,601

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
  • $2,990

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6753$2,9954$3,100
$3,100
RENT COMPS ANALYSIS
  • 833 W Elgin Street Chandler, AZ 1
    • 5 beds 4 baths ∙ 4,059 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,059 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 440 S Emerson Street Chandler, AZ 2
    • 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 2006
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $0.69
    •  
  • 934 W Whitten Street Chandler, AZ 3
    • 4 beds 4 baths ∙ 4,059 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,059 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.74
    •  
  • 1650 S Evergreen Street Chandler, AZ 4
    • 5 beds 5 baths ∙ 3,967 Sqft ∙ Built 2013 5 beds 5 baths ∙ 3,967 Sqft ∙ Built 2013
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.78
    •  
PROPERTY LISTING DETAILS
Steve J. Lugo, Jr.
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170868
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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