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949 E Cherrywood Place Chandler, AZ 85249

6 Beds 4 Baths 4,907 sqft Built 2005

$749,900

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $152.82
  • 3 Days on Market
  • MLS # : 6181258
  • Updated Date : 01/15/2021 at 23:18
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,907 sqft
  • Baths : 4 full
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous two story home with finished BASEMENT including a wet bar and media room, great for entertaining! The wide open living room and formal dinning with french doors to the backyard is breathtaking. The staircase to the upstairs bedrooms is very inviting. You will love the large master bedroom and spacious spa-like master bath with oversized walk-in closet. The main floor bedroom makes a great multipurpose room, such as a play room for the kiddos or a guest room. The home was completely remodeled from top to bottom in 2015. The kitchen was transformed to be open to the family room that features two large islands, upgraded stainless steel appliances, new cabinets, granite countertops and family-style eat in kitchen. A huge sliding door from the family room to your dream backyard

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rockwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k476k

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

Neighborhood: Rockwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452628

* 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
Fulton Elementary School Primary Regular 995 48 9
Fulton Elementary School Middle Regular 995 48 9
Hamilton High School High Regular 3,740 190 8

Fulton Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Fulton Elementary School

  • Education Level: Middle
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$2,605
Property Tax -$534
Property Insurance -$123
HOA -$8
Property Management Fees -$99
CASH FLOW
$151

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.

$749,900

PROJECTED PRICE

$3,520

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$54,970

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
  • $3,484

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9853$3,1004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 949 E Cherrywood Place Chandler, AZ 1
    • 6 beds 4 baths ∙ 4,907 Sqft ∙ Built 2005 6 beds 4 baths ∙ 4,907 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 885 E Mead Drive Chandler, AZ 2
    • 5 beds 4 baths ∙ 4,608 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,608 Sqft ∙ Built 2005
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,985
    • $0.65
    •  
  • 1605 E Coconino Drive Chandler, AZ 3
    • 5 beds 4 baths ∙ 4,629 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,629 Sqft ∙ Built 2002
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.67
    •  
  • 4478 S Marion Place Chandler, AZ 4
    • 5 beds 4 baths ∙ 4,629 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,629 Sqft ∙ Built 2002
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.76
    •  
  • 1568 E Canyon Way Chandler, AZ 5
    • 6 beds 4 baths ∙ 4,629 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,629 Sqft ∙ Built 2003
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.76
    •  
PROPERTY LISTING DETAILS
Stephanie Natichioni
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181258
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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