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851 E Lynx Way Chandler, AZ 85249

5 Beds 3 Baths 3,087 sqft Built 2002

$559,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $181.08
  • 2 Days on Market
  • MLS # : 6157684
  • Updated Date : 11/07/2020 at 10:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,087 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

COME SEE A SPECTACULAR HOME IN VERY DESIRABLE AREA OF CHANDLER. HOME HAS FIVE BEDROOMS, THREE BATHS AND A DEN. KITCHEN HAS GRANITE COUNTERS WITH TUMBLED TRAVERTINE BACKSPLASHES. FLOORS 18 IN TILE WITH INLAYS AND FRIZZY BERBER CARPET IN DEN AND BEDROOMS. KITCHEN HAS BLACK AND STAINLESS STEEL APPLIANCES, AND A HUGE PANTRY. BACKYARD INCLUDES PEBBLE TEC POOL WITH WATER FEATURE . HOME HAS BRAND NEW ROOF, AND AC SYSTEMS BOTH HAVE 5 AND 10 YEAR WARRANTYS. CARPET HAS JUST BEEN REPLACED.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Symphony

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k496k

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

Neighborhood: Symphony

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452616

* 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
Fulton Elementary School Primary Regular 995 48 9
Fulton Elementary School Middle Regular 995 48 9
Hamilton High School High Regular 3,740 190 8

Fulton Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Fulton Elementary School

  • Education Level: Middle
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Hamilton High School

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

$503,100$614,900$559,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,062
Property Tax -$398
Property Insurance -$87
Property Management Fees -$99
CASH FLOW
-$197

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.

$559,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.0%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$21,337

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,655

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4503$2,5004$2,6755$2,750
$2,750
RENT COMPS ANALYSIS
  • 851 E Lynx Way Chandler, AZ 2
    • 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.79
    •  
  • 268 E Powell Way Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2014
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 439 E Horseshoe Drive Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2004
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 4385 S Crosscreek Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2002
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $0.92
    •  
  • 4900 S Springs Drive Chandler, AZ 5
    • 6 beds 3 baths ∙ 3,262 Sqft ∙ Built 2001 6 beds 3 baths ∙ 3,262 Sqft ∙ Built 2001
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.84
    •  
PROPERTY LISTING DETAILS
Dave Ellis
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157684
Last Updated: 11/07/2020
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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