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876 E Bellerive Place Chandler, AZ 85249

3 Beds 2 Baths 1,379 sqft Built 2003

$340,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $246.56
  • 4 Days on Market
  • MLS # : 6199184
  • Updated Date : 02/27/2021 at 02:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,379 sqft
  • Baths : 2 full
Listing Agent

Alyson Titcomb & Company

Listing Agent's Description

Welcome to the Gated Community of Lagos Vistoso in desirable South Chandler location! Great opportunity here - this three bedroom, two bath home is surrounded by larger homes & these with less square footage don't come up often! Neutral tile and carpet throughout the spacious Great Room that opens to covered patio and low maintenance backyard. Split Master bedroom with bath has double sinks and large walk-in closet. Two bedrooms & bath with laundry closet too! Granite kitchen counter tops, breakfast bar, stainless appliances, pantry and plenty of cabinets with pull-outs!. Fridge, washer and dryer convey! Ceiling fans throughout! North/South exposure & perfect ''lock and leave'' home - don't miss out! Easy access to freeway, shopping and top ranked Chandler Schools!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Los Vistoso

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k376k

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

Neighborhood: Los Vistoso

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452305

* 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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,181
Property Tax -$242
Property Insurance -$54
HOA -$108
Property Management Fees -$99
CASH FLOW
$16

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.

$340,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$18,892

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
  • $1,538

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7954$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 876 E Bellerive Place Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 885 E Cherry Hills Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2003
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 852 E Runaway Bay Place Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2003
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
  • 698 E Las Colinas Place Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2003
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.16
    •  
  • 984 E Runaway Bay Place Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2003
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.16
    •  
PROPERTY LISTING DETAILS
Alyson Titcomb
Alyson Titcomb & Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199184
Last Updated: 02/27/2021
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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