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1192 W Orchid Lane Chandler, AZ 85224

3 Beds 2 Baths 1,234 sqft Built 1993

$325,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $263.37
  • 3 Days on Market
  • MLS # : 6157066
  • Updated Date : 11/06/2020 at 10:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,234 sqft
  • Baths : 2 full
Listing Agent

Arizona Gateway Real Estate

Listing Agent's Description

What a Cute home in a great location! Located on an interior North South lot, this home is ready for its new owners. In addition to 3 bedrooms and 2 baths this home features a Light and Bright Kitchen with an eating nook, Island and Direct access to the Garage, a Great Room with French doors to the covered Patio and large yard. You will want to put this home first on your list to see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Festival-Celebration

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Festival-Celebration

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8671780

* 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
Andersen Elementary School Primary Regular 652 31 4
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Andersen Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 31
4
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,199
Property Tax -$189
Property Insurance -$51
HOA -$38
Property Management Fees -$99
CASH FLOW
-$97

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$15,434

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,472

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,4953$1,5004$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 1192 W Orchid Lane Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.20
    •  
  • 1330 W Gary Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1993
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.14
    •  
  • 1082 W Orchid Lane Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1993
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 1060 N Verano Way Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1994
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.26
    •  
  • 1202 W Orchid Lane Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1993
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.29
    •  
PROPERTY LISTING DETAILS
Kim Espinoza
Arizona Gateway Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157066
Last Updated: 11/06/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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