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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $236.57
- 3 Days on Market
- MLS # : 6165339
- Updated Date : 11/28/2020 at 11:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,985 sqft
- Baths : 3 full
Listing Agent
Corcoran Platinum Living
Listing Agent's Description
Model perfect home on N/S lot. GREAT location. Beautiful 3 bd/3 bth 1 story home in gated Carino Estates. Bright, open floor plan features windows with Custom Plantation Shutters letting in natural light. Lovely Kitchen features extensive cabinets & counter space, big island with sink & a built-in desk in breakfast area with beautiful bay window. Spacious, split Master Bedroom features sliding glass door with access to backyard & Master Bathroom with double sinks, separate jet tub/shower & walk in closet. Other Bedroom has private bathroom. Backyard has a huge covered patio & sparkling pool with large deck area perfect for lounging! Front security door. Home is minutes from 202 Hwy, restaurants, shopping, entertainment & Schools located in award-winning Chandler Unified School District!
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PRICE & RENT TRENDS
Neighborhood: Carino Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carino Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$274 | |
| Property Insurance | -$66 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$82
|
||
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.
$469,585
PROJECTED PRICE
$2,110
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$130,190
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,396 |
| Loan Amount | $352,189 |
4.5
YEARS SAVED
$25,386
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$2,109
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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851 W Oriole Way Chandler, AZ 3
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1110 W Raven Drive Chandler, AZ 1
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LEASED 05/07/20- Rent
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- $1,850
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LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,050
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822 W Raven Drive Chandler, AZ 4
- 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1999
LEASED 04/18/20- Rent
- Rent Per SQFT
- $2,195
- $1.11
-
2700 S Mcclelland Place Chandler, AZ 5
- 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1998
LEASED 10/05/20- Rent
- Rent Per SQFT
- $2,200
- $1.11
PROPERTY LISTING DETAILS
Corcoran Platinum Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165339
Last Updated: 11/28/2020
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.
