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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $233.24
- 3 Days on Market
- MLS # : 6167787
- Updated Date : 12/04/2020 at 12:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,372 sqft
- Baths : 2 full
Listing Agent
North & Co
Listing Agent's Description
Looking for a new place to call home? You've found it! Located in beautiful Chandler, and surrounded by all of the city's trending restaurants and shopping spots, you simply have to come see it to believe it! The 3 bed, 2 bath home itself boasts a beautiful facade with brick veneers, low maintenance landscaping, and 2 carport parking spaces. Step inside to find large dining and living areas with neutral paint throughout, as well as a fabulous kitchen equipped with everything you need for home cooking, ample cabinetry, tile backsplash, matching appliances, and a charming breakfast bar. The stunning master bedroom boasts a full bath as well as a spacious closet with sliding mirror doors. Also including a cozy backyard with a covered patio and a children's playhouse, this home has it all!
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PRICE & RENT TRENDS
Neighborhood: Colonia Granada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Colonia Granada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$186 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$40
|
||
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.
$320,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,550
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
6.5
YEARS SAVED
$28,363
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$1,557
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
944 N Central Drive Chandler, AZ 3
- 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $1,560
- $1.14
-
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
![property image]()
LEASED 03/28/20- Rent
- Rent Per SQFT
- $1,495
- $1.14
-
1082 W Orchid Lane Chandler, AZ 2
- 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1993
![property image]()
LEASED 01/11/20- Rent
- Rent Per SQFT
- $1,500
- $1.08
-
825 N Cholla Street Chandler, AZ 4
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1989
![property image]()
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,600
- $1.07
-
1346 W Linda Lane Chandler, AZ 5
- 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1976
![property image]()
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,899
- $1.25
PROPERTY LISTING DETAILS
North & Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167787
Last Updated: 12/04/2020
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.
