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PROPERTY INFO
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
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PRICE & RENT TRENDS
Neighborhood: Rockwood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rockwood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,474
LOAN DETAILS
$2,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $187,475 |
| Loan Amount | $562,425 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,484
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
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949 E Cherrywood Place Chandler, AZ 1
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885 E Mead Drive Chandler, AZ 2
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LEASED 03/14/20- Rent
- Rent Per SQFT
- $2,985
- $0.65
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1605 E Coconino Drive Chandler, AZ 3
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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
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181258
Last Updated: 01/15/2021
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.
