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1511 W Alamo Drive Chandler, AZ 85224

3 Beds 2 Baths 1,216 sqft Built 1979

$270,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $222.04
  • 4 Days on Market
  • MLS # : 6165084
  • Updated Date : 11/26/2020 at 09:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,216 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Ready to move in to this 3 bed/2 bath single family home located in the charming Knoell East neighborhood. Enjoy this HOA-free home complete with covered rear patio, tons of kitchen storage and counter space, freshly painted exterior and newly cleaned carpets. Come and see this lovely home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Knoell East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $99k320k

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

Neighborhood: Knoell East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8231780

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Dobson High School High Regular 2,639 122 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$996
Property Tax -$153
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
$121

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.

$270,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$33,450

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,502

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,6003$1,6504$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 1511 W Alamo Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.17
    •  
  • 2122 N Apollo Court Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1981
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.21
    •  
  • 3117 N Pennington Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1979
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.17
    •  
  • 1308 W Bentrup Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1982
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.29
    •  
  • 1308 W Marlboro Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1984
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.27
    •  
PROPERTY LISTING DETAILS
Jenn Kabitzke
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165084
Last Updated: 11/26/2020
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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