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900 S 94th Street #1059 Chandler, AZ 85224

2 Beds 3 Baths 1,100 sqft Built 2008

$264,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $240.82
  • 1 Days on Market
  • MLS # : 6155319
  • Updated Date : 11/02/2020 at 18:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,100 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Unique lifestyle community ... Gated, 2-Car-Garage units just minutes from the Price Road Corridor and Chandler Hospital & Medical Facilities. Great location in great community with 2 pools, playgrounds, greenbelt and covered picnic/barbeque areas. Nice corner unit with actual balcony views instead of looking into the unit next door. Clean, newly painted and updated. Two master bedrooms upstairs with vaulted ceilings. Greatroom, kitchen and half bathroom on main floor. Upgraded shutters, ceiling fans, balcony and extra parking nearby.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Via de Cielo

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $107k358k

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

Neighborhood: Via de Cielo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9951981

* 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
Conley Elementary School Primary Regular 764 43 5
Andersen Junior High School Middle Regular 924 47 6
Hamilton High School High Regular 3,740 190 8

Conley Elementary School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 43
5
GreatSchools Rating

Andersen Junior High School

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

Hamilton High School

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

$238,410$291,390$264,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$977
Property Tax -$154
Property Insurance -$49
HOA -$200
Property Management Fees -$99
CASH FLOW
-$89

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.

$264,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.3%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,883

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,383

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3903$1,4004$1,4005$1,495
$1,495
RENT COMPS ANALYSIS
  • 900 S 94th Street #1059 Chandler, AZ 2
    • 2 beds 3 baths ∙ 1,100 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,100 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.26
    •  
  • 900 S 94th Street #1084 Chandler, AZ 1
    • 2 beds 3 baths ∙ 1,100 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,100 Sqft ∙ Built 2008
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.23
    •  
  • 900 S 94th -- #1167 Chandler, AZ 3
    • 2 beds 3 baths ∙ 1,100 Sqft ∙ Built 2012 2 beds 3 baths ∙ 1,100 Sqft ∙ Built 2012
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.27
    •  
  • 900 S 94th Street #1085 Chandler, AZ 4
    • 2 beds 3 baths ∙ 1,100 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,100 Sqft ∙ Built 2008
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.27
    •  
  • 900 S 94th Street #1195 Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,182 Sqft ∙ Built 2009 2 beds 2 baths ∙ 1,182 Sqft ∙ Built 2009
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.26
    •  
PROPERTY LISTING DETAILS
Syed Islam
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155319
Last Updated: 11/02/2020
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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