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870 E Cherrywood Place Chandler, AZ 85249

7 Beds 4 Baths 4,907 sqft Built 2004

$689,995

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $140.61
  • 2 Days on Market
  • MLS # : 6170747
  • Updated Date : 12/12/2020 at 13:49
CONSTRUCTION
  • Beds : 7
  • Floor Size : 4,907 sqft
  • Baths : 4 full
Listing Agent

Realty One Group

Listing Agent's Description

Rare Opportunity in Rockwood Estates. This home features 7 bd, 4 ba and over 4,900 s/f on a large cul-de-sac lot. As you enter the grand entrance into the formal living and dining rooms, you'll see the beautiful French walnut laminate flooring throughout. The kitchen boasts ample cabinet space with new stainless steel appliances, granite counters and large walk-in pantry. Main level has a bedroom and full bath. Upper level you'll find a grand master suite with its own patio overlooking the spacious backyard + 3 more bedrooms. The theater room in the basement; a perfect hangout plus 2 bedrooms & full bathroom. The sizeable backyard features a large covered patio, full outdoor BBQ area, sparkling pool w/ water features, sunken fit pit area, and trampoline. Freshly painted exterior.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rockwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k476k

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

Neighborhood: Rockwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452628

* 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
 

$620,996$758,995$689,995

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$2,546
Property Tax -$491
Property Insurance -$123
HOA -$8
Property Management Fees -$99
CASH FLOW
$373

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.

$689,995

PROJECTED PRICE

$3,640

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,599

INVESTMENT

$188,599

Down Payment
$172,499
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,499
Loan Amount $517,496
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$87,730

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
  • $3,304

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9003$3,5004$3,500
$3,500
RENT COMPS ANALYSIS
  • 870 E Cherrywood Place Chandler, AZ 1
    • 7 beds 4 baths ∙ 4,907 Sqft ∙ Built 2004 7 beds 4 baths ∙ 4,907 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2087 E Libra Place Chandler, AZ 2
    • 6 beds 4 baths ∙ 5,100 Sqft ∙ Built 2001 6 beds 4 baths ∙ 5,100 Sqft ∙ Built 2001
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.57
    •  
  • 2206 E Libra Place Chandler, AZ 3
    • 7 beds 4 baths ∙ 5,087 Sqft ∙ Built 2002 7 beds 4 baths ∙ 5,087 Sqft ∙ Built 2002
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.69
    •  
  • 1568 E Canyon Way Chandler, AZ 4
    • 6 beds 4 baths ∙ 4,629 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,629 Sqft ∙ Built 2003
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.76
    •  
PROPERTY LISTING DETAILS
Jj Bhakta
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170747
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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