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875 E San Carlos Way Chandler, AZ 85249

5 Beds 3 Baths 3,377 sqft Built 2003

$649,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $192.18
  • 3 Days on Market
  • MLS # : 6209682
  • Updated Date : 03/21/2021 at 02:24
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,377 sqft
  • Baths : 3 full
Listing Agent

North & Co

Listing Agent's Description

Beautiful Tuscan living with an open floorplan featuring 5 bedrooms plus loft & 3 full bathrooms. Custom cabinetry compliments the spacious great room while the elegant eat-in kitchen features cherry wood cabinets, granite countertops & custom backsplash. The master suite with split floorplan upstairs provides ideal privacy. Enjoy the sparkling play pool underneath the warm Arizona sun or cool off under the extended length covered patio. Relieve stress with a soak in the hot tub or by tending to raised gardens, citrus & other fruit trees. Pre-wired surround sound throughout home & patio. Home backs to greenbelt & is surrounded by single story homes for ultimate privacy. Not only are you surrounded by ''Excelling'' A+ School, but lush community parks & trails & easy access to Loop 202.

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
Santan Junior High School Middle Regular 1,291 60 9
Hamilton High School High Regular 3,740 190 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Hamilton High School

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

$584,100$713,900$649,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,254
Property Tax -$462
Property Insurance -$93
HOA -$27
Property Management Fees -$99
CASH FLOW
-$265

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.

$649,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.41%

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$1.6M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$16,828

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,643

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,6504$2,6705$2,750
$2,750
RENT COMPS ANALYSIS
  • 875 E San Carlos Way Chandler, AZ 4
    • 5 beds 3 baths ∙ 3,377 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,377 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.79
    •  
  • 1391 E Coconino Drive Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,369 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,369 Sqft ∙ Built 2010
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.71
    •  
  • 439 E Horseshoe Drive Chandler, AZ 2
    • 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
    •  
  • 502 E Kaibab Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 3,485 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,485 Sqft ∙ Built 2005
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.76
    •  
  • 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
Trevor Halpern
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209682
Last Updated: 03/21/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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