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1397 N El Dorado Drive Chandler, AZ 85224

3 Beds 2 Baths 1,328 sqft Built 1984

$335,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $252.26
  • 3 Days on Market
  • MLS # : 6178408
  • Updated Date : 01/08/2021 at 13:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,328 sqft
  • Baths : 2 full
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

Welcome home! Impeccable corner lot property located on a wonderful community in Chandler w/a community pool! Beautiful grassy front yard landscaping w/mature trees. Interior offers 3 bed, 2 bath, big vaulted ceilings, luxurious light fixtures, living/dining area, lovely shiplap fireplace in family room, and warm paint tones. Kitchen is complete with sparkling stainless steel appliances (including fridge), recessed lighting, maple cabinetry, quartz counter-tops, and tiled back-splash. Bright master bedroom includes private exit to patio, full bath, and dual closets. Home comes with washer and dryer. Look at this perfectly sized backyard w/a huge covered patio and pavers ideal for relaxing afternoons. Look no further. This is the one you have been waiting for!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silvergate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $112k358k

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

Neighborhood: Silvergate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8461981

* 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
Chandler Traditional Academy - Goodman Campus Primary Alternative 711 37 10
Chandler Traditional Academy - Goodman Campus Middle Alternative 711 37 10
Chandler High School High Regular 3,176 153 5

Chandler Traditional Academy - Goodman Campus

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
10
GreatSchools Rating

Chandler Traditional Academy - Goodman Campus

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
10
GreatSchools Rating

Chandler High School

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

$301,500$368,500$335,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,164
Property Tax -$195
Property Insurance -$53
HOA -$89
Property Management Fees -$99
CASH FLOW
$20

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.

$335,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 10.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,467

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,6004$1,6205$1,650
$1,650
RENT COMPS ANALYSIS
  • 1397 N El Dorado Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.22
    •  
  • 2459 W Park Avenue Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,272 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,272 Sqft ∙ Built 1990
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
  • 2875 W Highland Street #1173 Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1987
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 2509 W Knox Road Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1990
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
  • 840 N Woodside Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1995
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
PROPERTY LISTING DETAILS
Nate Randleman
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178408
Last Updated: 01/08/2021
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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