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$1,375,000

For Sale - Active
26204 S Washington St, Chandler, AZ 85249
5 Beds
4 Baths
4,607 Square Feet
0.48 Acres Lot
Built in 2017
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Jul 20, 2025 at 03:34AM

Investment Summary


Monthly Cash Flow
-$4,132
Cap Rate
2.1%
Cash-on-Cash Return
-15.7%
Debt Coverage Ratio
0.36
Internal Rate of Return (5 years)
-11.2%

Property Description


0.48 Acres Lot
Built in 2017
For Sale - Active
Units n/a

Located in the prestigious gated Santa Vista community in South Chandler, this custom-built luxury home offers a rare blend of privacy, comfort, and resort-style living. Set on a large premium lot with no rear neighbors, this property was designed for those who value space, elegance, and thoughtful upgrades throughout. Step into your own private paradise the backyard is an entertainer's dream, featuring panoramic sliding doors from the family room, master suite, and guest casita, creating a seamless indoor outdoor flow. Enjoy sunsets from your second-level balcony with spiral staircase, offering unobstructed, breathtaking views of Arizona skies. Built in 2017, the main home spans 3,807 sq ft and features a custom chef's kitchen with high-end built-in appliances, southeast- orientation, and elegant finishes. The grand entrance welcomes you with custom soffits, ambient lighting, and a spacious layout perfect for entertaining. The master suite is a true retreat, located on the southwest wing of the home for optimal sunset views. It boasts a luxury walk-in closet, spa-style bathroom with a raised soaking tub, and private access to the backyard. On the opposite side of the home, you'll find three additional bedrooms and two bathrooms, including a Jack-and-Jill setup, ideal for families or guests. This smart home is equipped with the Control4 system, allowing you to manage lighting, sound, and other features straight from your phone. Additional spaces include a formal dining room and a flex room that can be used as a theater, home office, or anything your lifestyle demands. The 800 sq ft casita, built in 2023, is a luxurious addition complete with a private theater projector, smart TV system, and upscale bathroomperfect for hosting guests or creating a private retreat. Outside, the home features two driveways, an RV gate, and a sprawling 1,100 sq ft 3-car garage with abundant cabinetry and storage. Whether you're hosting, relaxing, or working from home, this property supports it all. Luxury custom homes of this caliber are rarely available in Chandler don't miss your chance to make this incredible estate your own.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, Circular Driveway, Electric Vehicle Charging Station(s)
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: San Tan Vista 2A
  • HOA Fee: $488/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 30358689
  • Lot Size: 20989 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2017

Tax Information

  • Annual Tax: $6,807

Utilities

  • Water & Sewer: Public
  • Heating: See Remarks
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Venkata Ramana Narla
Lotus Real Estate
(480) 570-3987

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6880199
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$4,132
Cap Rate
2.1%
Cash-on-Cash Return
-15.7%
Debt Coverage Ratio
0.36
Internal Rate of Return (5 years)
-11.2%

Purchase Details

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Purchase price:
$1,375,000
Amount financed:
-$1,100,000
Down payment:
$275,000
Closing costs:
$41,250
Rehab costs:
$0
Initial cash invested:
$316,250
Square feet:
4,607
Cost per square foot:
$298
Monthly rent per square foot:
$0.98

Financing Details

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Loan amount:
$1,100,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$6,507
Property tax:
$567
Insurance:
$315
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,389

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,500 $54,000
Vacancy loss: (6%)
6% -$270 -$3,240
Operating income:
$4,230 $50,760

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$567-$6,807
Insurance: (7%)
7%-$315-$3,780
Property management: (8%)
8%-$360-$4,320
Repairs & maintenance: (5%)
5%-$225-$2,700
Capital expenditures: (5%)
5%-$225-$2,700
HOA fees: (4%)
4%-$163-$1,956
Total operating expenses: (41%)
41%-$1,855-$22,263

Cash Flow


Monthly Yearly
Net operating income:
$2,375 $28,500
Mortgage payments:
-$6,507 -$78,084
Cash flow:
$4,132 $49,584