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865 W Galveston Street Chandler, AZ 85225

5 Beds 3 Baths 2,939 sqft Built 1970

INVESTimate

$475,000

List Price

$2,060

$1,854 - $2,266

Rent Est.

$508,250  ( +7.00%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $161.62
  • 4 Days on Market
  • MLS # : 6121614
  • Updated Date : 08/25/2020 at 20:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,939 sqft
  • Baths : 2 full , 1 half
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

Updated midcentury ranch in historic Downtown Chandler is a must see. Close to 101,202 & airport, walkable to Chandler High, shops & restaurants. Five large bedrooms leave plenty of options for flex space. Two owners in 50 years, home has been meticulously maintained, recently remodeled. Walls & ceilings resurfaced, solid bamboo, new tile, and carpet added. Room for it all with five closets dedicated 2 storage, built ins, walk in closets, as well as his & hers in the master. Brand new AC units, underground return & new windows make this home extremely energy efficient. Electrical has been updated & recessed lighting added. Front & backyard both large & well manicured. Automatic irrigation completely replaced & controlled through app. This is not just another house, it's a well loved home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tyson Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k335k

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

Neighborhood: Tyson Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8621836

* 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
Hartford Sylvia Encinas Elementary School Primary Regular 756 40 3
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Hartford Sylvia Encinas Elementary School

  • Education Level: Primary
  • # of students: 756
  • # of teachers: 40
3
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,753
Property Tax -$288
Property Insurance -$84
Property Management Fees -$99
CASH FLOW
-$164

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.

$475,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.00%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$20,000

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
  • $2,337

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,395
$2,395
RENT COMPS ANALYSIS
  • 865 W Galveston Street Chandler, 1
    • 5 beds 3 baths ∙ 2,939 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,939 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1581 W Carla Vista Drive Chandler, 2
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1986
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 715 N Yucca Street Chandler, 3
    • 5 beds 3 baths ∙ 2,936 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,936 Sqft ∙ Built 1989
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.82
    •  
PROPERTY LISTING DETAILS
Hunter J Pace
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121614
Last Updated: 08/25/2020
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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