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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $200.55
- 1 Days on Market
- MLS # : 6172006
- Updated Date : 12/19/2020 at 21:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,194 sqft
- Baths : 3 full
Listing Agent
Nexgen Real Estate
Listing Agent's Description
New Year New Home! Lots of space in this 4 Bed/3 Bath, plus Den, plus spacious Loft, plus additional reading nook or small office upstairs! New kitchen with granite, all tile backsplash, huge island, pantry, new tile in all common areas downstairs, new carpet, new paint. The wraparound covered patio is perfect for entertaining. Very private backyard surrouned by only 1 story homes. Easy access to Fwy, 5 min drive to Old Downtown, & 10min to Chandler Fashion Center. Highly sought after location in a very competitive market. Do not miss out! (Some staging is virtual to enhance the appeal of the space).
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PRICE & RENT TRENDS
Neighborhood: Monterey Point II
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Monterey Point II
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,890 |
| EXPENSES | Loan Payment | -$1,623 |
| Property Tax | -$256 | |
| Property Insurance | -$70 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$194
|
||
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.
$440,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$122,350
LOAN DETAILS
$1,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
3.5
YEARS SAVED
$15,938
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,920
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
891 E Glenmere Drive Chandler, AZ 2
- 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $1,890
- $0.86
-
1060 S Maverick Street Chandler, AZ 1
- 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2007
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.89
-
830 E Morelos Street Chandler, AZ 3
- 5 beds 3 baths ∙ 2,167 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,167 Sqft ∙ Built 1996
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.87
-
848 E Morelos Street Chandler, AZ 4
- 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1996
![property image]()
LEASED 02/08/20- Rent
- Rent Per SQFT
- $1,945
- $0.90
-
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
![property image]()
LEASED 09/29/20- Rent
- Rent Per SQFT
- $1,999
- $0.84
PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172006
Last Updated: 12/19/2020
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.
