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$475,000

For Sale - Active
498 W Gail Dr, Chandler, AZ 85225
4 Beds
2 Baths
2,583 Square Feet
0.23 Acres Lot
Built in 1970
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Jul 17, 2025 at 08:03AM

Investment Summary


Monthly Cash Flow
-$668
Cap Rate
4.0%
Cash-on-Cash Return
-7.3%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.1%

Property Description


0.23 Acres Lot
Built in 1970
For Sale - Active
Units n/a

Owner agent. sold As-Is! This 1970 custom home is a true classic, with 4 bedrooms, two separate master baths and an eat in kitchen that opens out to a giant pool. The floorplan is so retro it's modern again. There is even a spiral staircase, leading to a deck on top of the back porch (all of this is very old, so please be careful if you go up there). The floors are all new porcelain tile, and the AC and roof are newer. The newer sun lights make it bright and airy, and the giant trees make it shady. The Thunderbird neighborhood has wide streets with sidewalks, so it's easy to get around even when there is traffic. Chandler is booming. This is your chance to scoop up a home in town, with NO HOA, ready for you to make it your own. Home is sold as is! Owners will not do repairs

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Foam
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 30244181
  • Lot Size: 10006 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Spanish
  • Year Built: 1970

Tax Information

  • Annual Tax: $1,743

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
James Allyn Jr.
Allyn & Associates
(480) 296-4304

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6883495
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$668
Cap Rate
4.0%
Cash-on-Cash Return
-7.3%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.1%

Purchase Details

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Purchase price:
$475,000
Amount financed:
-$380,000
Down payment:
$95,000
Closing costs:
$14,250
Rehab costs:
$0
Initial cash invested:
$109,250
Square feet:
2,583
Cost per square foot:
$184
Monthly rent per square foot:
$0.97

Financing Details

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Loan amount:
$380,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,248
Property tax:
$145
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,568

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$145-$1,743
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$770-$9,243

Cash Flow


Monthly Yearly
Net operating income:
$1,580 $18,960
Mortgage payments:
-$2,248 -$26,976
Cash flow:
$668 $8,016