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956 E Cedar Drive Chandler, AZ 85249

6 Beds 4 Baths 3,886 sqft Built 2005

$659,000

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $169.58
  • 2 Days on Market
  • MLS # : 6173112
  • Updated Date : 12/19/2020 at 11:14
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,886 sqft
  • Baths : 3 full , 1 half
Listing Agent

Tramonti Realty

Listing Agent's Description

Beautiful basement home impeccably maintained by original owners! Home has custom travertine floors, 10ft interior doors, gorgeous custom cabinets, plantation shutters, open floor plan with spacious rooms, large covered back patio leading to a delightful play pool and an RV gate to top it all off! Two of the 3 A/C units were replaced just this year and the whole exterior was also recently painted. The only thing missing is its new owners!

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
 

$593,100$724,900$659,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$2,431
Property Tax -$469
Property Insurance -$103
HOA -$8
Property Management Fees -$99
CASH FLOW
-$31

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.

$659,000

PROJECTED PRICE

$3,080

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,385

INVESTMENT

$180,385

Down Payment
$164,750
Rehab Estimate
$5,750
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,750
Loan Amount $494,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$42,064

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
  • $3,177

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9503$2,9904$3,2505$3,500
$3,500
RENT COMPS ANALYSIS
  • 956 E Cedar Drive Chandler, AZ 1
    • 6 beds 4 baths ∙ 3,886 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,886 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 971 E Birchwood Place Chandler, AZ 2
    • 6 beds 4 baths ∙ 3,984 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,984 Sqft ∙ Built 2005
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.74
    •  
  • 4775 S Virginia Way Chandler, AZ 3
    • 5 beds 3 baths ∙ 4,055 Sqft ∙ Built 2004 5 beds 3 baths ∙ 4,055 Sqft ∙ Built 2004
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.74
    •  
  • 1965 E Crescent Way Chandler, AZ 4
    • 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2015
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.86
    •  
  • 873 E Elmwood Place Chandler, AZ 5
    • 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.93
    •  
PROPERTY LISTING DETAILS
Shelley Incardone
Tramonti Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173112
Last Updated: 12/19/2020
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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