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967 E Jacob Street Chandler, AZ 85225

3 Beds 3 Baths 1,809 sqft Built 2012

$399,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $221.06
  • 3 Days on Market
  • MLS # : 6188830
  • Updated Date : 02/13/2021 at 02:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,809 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Wonderful Move- In- Ready Home in Gated Nicholas Point. Drive through the gates and you will notice the lush landscaping and welcoming front porch area to your new home. You will enjoy sipping your coffee and conversation on the cozy front porch area. As you enter your new home you will notice the nice layout and lots of light coming into the home. This home has a generous sized great room and gourmet kitchen area with granite countertops, rich- espresso cabinetry, and black appliances. A nice sized island/bar and pantry add the finishing touches. The open floorplan, tiled floors and neutral palette combine to create this beautiful home. A half bath is located downstairs too. Walk up the stairs and you will be impressed with the generous sized loft this home offers.

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
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,389
Property Tax -$233
Property Insurance -$62
HOA -$84
Property Management Fees -$99
CASH FLOW
$43

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.

$399,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.48%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$25,465

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,904

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7943$1,8004$1,8005$1,910
$1,910
RENT COMPS ANALYSIS
  • 967 E Jacob Street Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,809 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,809 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.06
    •  
  • 425 N Williams Street Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1995
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 836 E Harrison Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2011
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,794
    • $1.05
    •  
  • 921 E Del Rio Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2012
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
  • 898 E Del Rio Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2010
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Renee L. Slagter
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188830
Last Updated: 02/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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