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938 N Jesse Street Chandler, AZ 85225

3 Beds 2 Baths 1,983 sqft Built 1986

$415,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $209.28
  • 3 Days on Market
  • MLS # : 6157253
  • Updated Date : 11/06/2020 at 13:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,983 sqft
  • Baths : 2 full
Listing Agent

American Pride Realty

Listing Agent's Description

Adorable home in the popular McQueen North area of the Provinces Master Community waiting to be called home. Come and see this nice three bedroom, plus large den, that can easily be converted into a fourth bedroom. Newer tile throughout with a great layout. Amazing lighting fixtures and high ceilings in all the right places. Three car garage with built in cabinets and a workbench. Close proximity to private park.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Sanborn Elementary School Primary Regular 738 39 4
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Sanborn Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 39
4
GreatSchools Rating

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,531
Property Tax -$242
Property Insurance -$66
HOA -$2
Property Management Fees -$99
CASH FLOW
-$90

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.

$415,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.45%

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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$21,202

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,003

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8504$1,9955$2,145
$2,145
RENT COMPS ANALYSIS
  • 938 N Jesse Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 1041 N Monte Vista Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 627 E Shannon Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1995
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 1132 E Linda Lane Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1985
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.06
    •  
  • 1551 E Shannon Street Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 1997
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $1.04
    •  
PROPERTY LISTING DETAILS
Martha C Romero
American Pride Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157253
Last Updated: 11/06/2020
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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