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843 N Kenneth Place Chandler, AZ 85226

3 Beds 3 Baths 1,490 sqft Built 1987

$305,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $204.70
  • 4 Days on Market
  • MLS # : 6167134
  • Updated Date : 12/05/2020 at 22:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,490 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Great curb appeal for this lovely 3 bed, 3 bath corner lot home! Thirty year+ owners who have maintained the home with love! Open concept downstairs space with vaulted ceilings. The family room has a cozy fireplace & double French doors to patio. The eat-in kitchen has views of yard, stainless appliances & pantry. First master bedroom downstairs with private entrance & full bath. Second bedrm with full bath downstairs. Another master bedroom upstairs as well with ensuite. The backyard has a covered patio and beautiful shade trees! Neighborhood thru street behind home. Backyard includes additional 4' compared to other homes in neighborhood. Quiet, well maintained community has city park & pool. Close to Kyrene district elementary & high school, shopping and easy access to major freeways!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dawn

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Dawn

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9271981

* 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
Kyrene De Las Brisas School Primary Regular 785 41 9
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene De Las Brisas School

  • Education Level: Primary
  • # of students: 785
  • # of teachers: 41
9
GreatSchools Rating

Kyrene Aprende Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 56
9
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,125
Property Tax -$190
Property Insurance -$56
HOA -$102
Property Management Fees -$99
CASH FLOW
-$12

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.

$305,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$18,710

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,784

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,6253$1,6504$1,7005$1,950
$1,950
RENT COMPS ANALYSIS
  • 843 N Kenneth Place Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,490 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,490 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.05
    •  
  • 4575 W Harrison Street Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,425 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,425 Sqft ∙ Built 1986
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.14
    •  
  • 4682 W Harrison Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1986
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.22
    •  
  • 4557 W Ivanhoe Street Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,390 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,390 Sqft ∙ Built 1986
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.22
    •  
  • 4781 W Harrison Street Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1994
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.21
    •  
PROPERTY LISTING DETAILS
Julia Gessner
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167134
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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