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897 E Baylor Lane Chandler, AZ 85225

3 Beds 3 Baths 1,778 sqft Built 1995

$400,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $224.97
  • 5 Days on Market
  • MLS # : 6197850
  • Updated Date : 02/27/2021 at 23:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,778 sqft
  • Baths : 2 full , 1 half
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

Great Chandler Home in a central Location! This home will not disappoint, the bonus room and 1/2 bath has endless possibilities, home office, craft room, you name it..New AC unit, new hot water heater, freshly painted exterior, just to name a few. You won't want to be miss this home and all it has to offer, stainless steel appliances, andersen wood sliding door, open floor plan, north south facing home. Close to parks, easy freeway access and centrally located near downtown Gilbert and downtown Chandler.

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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,389
Property Tax -$233
Property Insurance -$62
HOA -$2
Property Management Fees -$99
CASH FLOW
$145

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.

$400,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.48%

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$20k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$36,371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,925

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9304$1,9355$1,995
$1,995
RENT COMPS ANALYSIS
  • 897 E Baylor Lane Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.09
    •  
  • 953 E Constitution Drive Chandler, AZ 1
    • 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 2
    • 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
    •  
  • 822 E Sheffield Avenue Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2000
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $1.09
    •  
  • 955 E Knox Road #241 Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 2006
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.05
    •  
PROPERTY LISTING DETAILS
Traci Sayer
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197850
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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