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900 S 94th Street #1163 Chandler, AZ 85224

2 Beds 3 Baths 1,100 sqft Built 2011

$310,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $281.82
  • 4 Days on Market
  • MLS # : 6211677
  • Updated Date : 03/24/2021 at 22:59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,100 sqft
  • Baths : 2 full , 1 half
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

Built in 2011, this Chandler two-story home offers a two-car garage.

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
Andersen Junior High School Middle Regular 924 47 6
Hamilton High School High Regular 3,740 190 8

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,077
Property Tax -$181
Property Insurance -$49
HOA -$200
Property Management Fees -$99
CASH FLOW
-$35

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.

$310,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.51%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $1,372

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4004$1,5705$1,600
$1,600
RENT COMPS ANALYSIS
  • 900 S 94th Street #1163 Chandler, AZ 4
    • 2 beds 3 baths ∙ 1,100 Sqft ∙ Built 2011 2 beds 3 baths ∙ 1,100 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.43
    •  
  • 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 2
    • 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 3
    • 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
    •  
  • 1398 W Weatherby Way Chandler, AZ 5
    • 2 beds 3 baths ∙ 1,307 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,307 Sqft ∙ Built 2004
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.22
    •  
PROPERTY LISTING DETAILS
Jacqueline Moore
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211677
Last Updated: 03/24/2021
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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