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880 E Tonto Place Chandler, AZ 85249

4 Beds 3 Baths 2,835 sqft Built 2015

$667,500

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $235.45
  • 3 Days on Market
  • MLS # : 6165170
  • Updated Date : 11/27/2020 at 10:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,835 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Stunning and impeccably maintained 2835' square foot single story home on a lot that is just shy of 8600' feet! (4) bedroom (3) bath home with tons of upgrades anyone would want in the sought after gated community of Ocotillo Landing! I'll let the pictures do the talking, but in brief, wide open kitchen with extra large island that looks past the family room a straight back to the covered patio (via extra large slider doors that open!!), followed by the gorgeous pool w/ water feature in the backdrop. Large grassy area for play and enjoyment. North / South exposure. Located within minutes of shopping, restaurants, numerous golf courses, and gyms. Also in the highly regarded Chandler School district. All offers will be presented on Monday afternoon

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
 

$600,750$734,250$667,500

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,463
Property Tax -$475
Property Insurance -$82
HOA -$105
Property Management Fees -$99
CASH FLOW
-$604

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.

$667,500

PROJECTED PRICE

$2,620

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$182,638

INVESTMENT

$182,638

Down Payment
$166,875
Rehab Estimate
$5,750
Closing Costs
$10,013

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,463

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $166,875
Loan Amount $500,625
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,673

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,601

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,6204$2,6505$2,900
$2,900
RENT COMPS ANALYSIS
  • 880 E Tonto Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,835 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,835 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.92
    •  
  • 439 E Horseshoe Drive Chandler, AZ 1
    • 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
    •  
  • 1232 E Zion Way Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2011
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.96
    •  
  • 1241 E Yellowstone Place Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2011
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.93
    •  
  • 851 E Canyon Way Chandler, AZ 5
    • 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.96
    •  
PROPERTY LISTING DETAILS
David B Goldberg
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165170
Last Updated: 11/27/2020
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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