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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $208.48
- 3 Days on Market
- MLS # : 6194750
- Updated Date : 02/20/2021 at 15:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,878 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Beautiful home in Chandler. Semi-Custom VIP Home Cul-de-sac. Split floor-plan includes formal living room and dining room, vaulted ceilings, 8' panel doors, new tile floors, 4'' baseboards throughout. Upgrades Galore. Oversized master bedroom with bay window. Master bath tiled walk in shower, jetted bathtub and large custom walk in closet. Large secondary bedrooms w/ abundant storage. Well-equipped kitchen boasts new stainless steel appliances, 42'' cabinets, backsplash and granite counters. Fresh Interior paint. Oversized 3 car extended garage with new custom cabinets and epoxy floors and fresh paint. Lush oasis backyard with paved walkways and 3 patio areas, counter bar, pergola and putting green. Near Paseo Trails. This home is a must see!
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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 | $2,420 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$427 | |
| Property Insurance | -$83 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$282
|
||
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.
$600,000
PROJECTED PRICE
$2,420
PROJECTED RENT
0.40%
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
$164,750
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $150,000 |
| Loan Amount | $450,000 |
2.83
YEARS SAVED
$13,618
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,420
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,597
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
970 E Cherrywood Place Chandler, AZ 2
- 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,420
- $0.84
-
1430 E Crescent Way Chandler, AZ 1
- 4 beds 2 baths ∙ 2,791 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,791 Sqft ∙ Built 2000
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.79
-
255 E Mead Drive Chandler, AZ 3
- 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2014
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,595
- $0.93
-
1468 E Kaibab Place Chandler, AZ 4
- 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2009
LEASED 12/15/20- Rent
- Rent Per SQFT
- $2,650
- $0.93
-
851 E Canyon Way Chandler, AZ 5
- 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 2005
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,900
- $0.96
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194750
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
