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901 N Kenwood Lane Chandler, AZ 85226

4 Beds 2 Baths 1,924 sqft Built 1991

$510,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $265.07
  • 7 Days on Market
  • MLS # : 6191276
  • Updated Date : 02/08/2021 at 21:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,924 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

Single-level ranch in the Cottonwood Ranch Subdivision in 85226. Ideally located near the Loop 101/US 60/Loop 202 Freeways. Short distance to Shopping, dining, and entertainment. Less than one mile from the Chandler Fashion Center Mall and close to highly sought after Kyrene school district and Corona Del Sol High School. Corner lot, Private backyard, quiet neighborhood, easy access to multiple freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cottonwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k374k

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

Neighborhood: Cottonwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Kyrene Traditional Academy - Sure����o Campus Primary Regular 504 25 8
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene Traditional Academy - Sure����o Campus

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 25
8
GreatSchools Rating

Kyrene Aprende Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 56
9
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$459,000$561,000$510,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,771
Property Tax -$317
Property Insurance -$65
HOA -$40
Property Management Fees -$99
CASH FLOW
-$482

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.

$510,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,194

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,977

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,9004$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 901 N Kenwood Lane Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 725 N Los Feliz Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1986
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 1179 N Madrid Lane Chandler, AZ 3
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1988
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 3683 W Shannon Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1990
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.02
    •  
  • 870 N Madrid Lane Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1994
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.12
    •  
PROPERTY LISTING DETAILS
Krysten Giordano
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191276
Last Updated: 02/08/2021
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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