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921 N Longmore Street Chandler, AZ 85224

3 Beds 2 Baths 1,342 sqft Built 1992

$339,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $252.61
  • 3 Days on Market
  • MLS # : 6190683
  • Updated Date : 02/12/2021 at 18:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,342 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

GREAT Chandler one story home with 3 Bedrooms and 2 full baths. Open Floor plan with vaulted ceilings and FRESH NEW PAINT throughout. Custom SHUTTERS, CORION countertops and lots of cabinets and counter space in Kitchen. Master Bedroom en suite w/separate tub and shower and double sinks. Large covered backyard patio and easy to maintain yard. AC Unit NEW 2020!!! Short distance to Schools, 101, Shops, Restaurants, and Supermarkets. FRIDGE, WASHER/DRYER, and additional FRIDGE included in sale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10071869

* 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
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,177
Property Tax -$197
Property Insurance -$53
HOA -$5
Property Management Fees -$99
CASH FLOW
$47

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.

$339,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$25,163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,580

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,5804$1,7505$1,790
$1,790
RENT COMPS ANALYSIS
  • 921 N Longmore Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.18
    •  
  • 1330 W Gary Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1993
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.14
    •  
  • 1060 N Verano Way Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1994
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.26
    •  
  • 1900 W Park Place Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1999
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.14
    •  
  • 1160 N Apollo Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1999
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.17
    •  
PROPERTY LISTING DETAILS
Leanne Aspervil
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190683
Last Updated: 02/12/2021
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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