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884 E Glenmere Drive Chandler, AZ 85225

3 Beds 3 Baths 2,230 sqft Built 1995

$385,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $172.65
  • 2 Days on Market
  • MLS # : 6187904
  • Updated Date : 01/30/2021 at 19:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,230 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

This 3-bedroom 3 bath Chandler home located in a safe and quiet neighborhood. It is newly remodeled, with new granite counter tops, new painting, new doors, etc. It features customer wood flooring, tile in the bathrooms, large office with built in desks & cabinets, customer top down blinds, balcony off living room, vaulted ceiling, ceiling fans, 2 bedroom upstairs, one bedroom downstairs. Matured landscape gives a lot of shade. Easy access to 202 freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Monterey Point II

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $108k320k

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

Neighborhood: Monterey Point II

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9021780

* 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
Willis Junior High School Middle Regular 947 51 6
Hamilton High School High Regular 3,740 190 8

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Hamilton High School

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

$346,500$423,500$385,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,337
Property Tax -$224
Property Insurance -$71
HOA -$35
Property Management Fees -$99
CASH FLOW
-$106

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$385,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,851

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
  • $1,912

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,9454$1,9505$1,999
$1,999
RENT COMPS ANALYSIS
  • 884 E Glenmere Drive Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 844 E Geronimo Court Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 1995
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
  • 848 E Morelos Street Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1996
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.90
    •  
  • 1254 S Bogle Court Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2004
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
  • 1083 S Jesse Place Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 2002
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.84
    •  
PROPERTY LISTING DETAILS
Sijia Na
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187904
Last Updated: 01/30/2021
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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