$720,000
Investment Summary
- Monthly Cash Flow
- -$1,607
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -11.6%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -7.3%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Imagine life in Clemente Ranch—where community, convenience, and comfort come together in one of Chandler's most desirable neighborhoods. This rare single-story home sits on a 9,000+ sq. ft. lot and offers 4 beds, 2 baths, and a 3-car garage. Enjoy a remodeled kitchen with granite counters, oversized island, SS appliances, and recessed lighting. The backyard features a fenced pool, grassy play area, and paver paths. Updates include newer AC units ('23 & '18), high-end Kohler master bath, Nest thermostat, plantation shutters, and more. Walking distance to Tarwater Elementary and Bogle Jr. High, plus parks, trails, and shopping nearby. This is more than a home—it's a lifestyle. Imagine Your Life in Clemente Ranch Just imagine living in the heart of Chandler, Arizona, in the highly sought-after community of Clemente Rancha neighborhood where it's not just about finding a home, but building a life. Here, you're surrounded by friendly neighbors, top-rated schools, and everyday conveniences just minutes away. Start your mornings with a peaceful walk or bike ride along more than three miles of scenic greenbelt trails. Grab a coffee with friends at a nearby café. Spend your evenings enjoying the city park's sand volleyball courts, basketball courts, and the children's play areaperfect for making memories that last. In Clemente Ranch, neighbors become lifelong friends, and a true sense of belonging begins on day one. Now, picture yourself pulling up to a beautifully maintained single-story home on a sprawling 9,000+ sq. ft. lotoffering one of the most unique floorplans in the neighborhood. This isn't just another house. It's a retreat. A place where elegance meets functionality, and where you can finally feel at home. Your Dream Home Awaits This rare single-level property features 4 bedrooms, 2.5 bathrooms, and a 3-car garage with built-in storage. The open-concept floorplan showcases high-end finishes throughout, including granite countertops and a custom oversized islandperfect for hosting, cooking, and connecting. The kitchen features stainless steel appliances, modern recessed lighting (added in 2024), and flows effortlessly into the living space for ultimate comfort. Enjoy timeless touches like plantation shutters and modern ceiling fans, while tech-savvy updates like a Nest smart thermostat and Google Fiber wiring bring convenience into every day. The primary suite has been remodeled with high-end Kohler finishes in the bathroom, creating a spa-like escape. Step outside and you'll find an entertainer's paradisecomplete with a private, fenced pool, grassy play area, and a paver-lined path along the side yard and patio. Whether it's a summer pool party or a quiet evening under the stars, this backyard is ready for it all. Recent Upgrades Include: " AC unit replaced in 2023 (other unit replaced in 2018) " Kitchen and bathrooms remodeled " High-end Kohler shower system in primary bathroom " Pool filter and pump replaced " Flooring redone in 2018 " Nest thermostat + Google Fiber wired " Roof repairs completed in 2019 " Recessed lighting in kitchen/living room (2024) " Paver pathways installed ~7 years ago This home is truly move-in readyoffering peace of mind, pride of ownership, and no projects waiting for you. Location, Lifestyle, and Convenience Located within walking distance of both top-rated Tarwater Elementary and Bogle Junior High, and just minutes from shopping, dining, and recreation, this home puts you right in the center of everything that makes Chandler such a desirable place to live. What Happens Next As I see it, you have three options: 1. Keep looking and hope something better comes along. 2. Settle for something that checks mostbut not allof your boxes. 3. Or choose this rare single-story opportunity in Clemente Ranch that delivers space, updates, community, and convenienceall in one package. If you're even a little open-minded to exploring this opportunity further, reach out today to schedule your private tour.
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Location
Property Details
Parking
- Description: Electric Door Opener
- Details: Garage Door Opener
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Total): 2.0
Interior Features
- # of Stories: 1
Exterior Features
- Exterior Walls Materials: Wood
- Roof Material: Tile
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Clemente Ranch
- HOA Fee: $553/semi-annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 30335769
- Lot Size: 9378 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1996
Tax Information
- Annual Tax: $2,960
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
Location
- County: Maricopa
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,607
- Cap Rate
- 3.0%
- Cash-on-Cash Return
- -11.6%
- Debt Coverage Ratio
- 0.53
- Internal Rate of Return (5 years)
- -7.3%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $720,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$576,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $144,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $21,600 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $165,600 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,242 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $321 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.38 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $576,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 5.875% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $3,407 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $247 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $217 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $3,871 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $3,100 | $37,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$186 | -$2,232 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,914 | $34,968 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 8% | -$247 | -$2,960 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$217 | -$2,604 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$248 | -$2,976 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$155 | -$1,860 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$155 | -$1,860 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | 3% | -$92 | -$1,104 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 36% | -$1,114 | -$13,364 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $1,800 | $21,600 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$3,407 | -$40,884 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,607 | $19,284 |