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889 E Baylor Lane Chandler, AZ 85225

3 Beds 2 Baths 1,618 sqft Built 1995

$395,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $244.13
  • 3 Days on Market
  • MLS # : 6196136
  • Updated Date : 02/20/2021 at 18:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,618 sqft
  • Baths : 2 full
Listing Agent

Rev Residential Brokerage

Listing Agent's Description

Beautiful single level home in the heart of Chandler. Resort style backyard is perfect for enjoying Arizona weather: Sparkling Pebbletec pool, heated spa, extended travertine pool decking, outdoor shower, artificial turf & covered patio. RV gate for easy access. Inside find a bright, open floor plan with vaulted ceilings. Large front living room w/ plantation shutters. Kitchen/great room has plenty of room for entertaining/dining. Kitchen has stainless steel appliances, granite counters & center island. Primary bedroom w/ walk-in closet & en-suite bath w/ dual sinks & separate tub/shower. New HW heater & pool pump. New interior paint in 2019.Close to parks, downtown Chandler, freeways, and shopping. Move-In Ready!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Provinces

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Provinces

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9161981

* 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
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,372
Property Tax -$230
Property Insurance -$59
HOA -$2
Property Management Fees -$99
CASH FLOW
-$22

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.

$395,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.44%

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

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$21,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,731

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7403$1,8004$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 889 E Baylor Lane Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.08
    •  
  • 1253 N Exeter Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 2005
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 651 E Jasper Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1995
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
  • 953 E Constitution Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1995
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
  • 644 E Sheffield Avenue Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1995
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
PROPERTY LISTING DETAILS
Michael R Rentmeester
Rev Residential Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196136
Last Updated: 02/20/2021
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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