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1650 E Del Rio Street Chandler, AZ 85225

4 Beds 3 Baths 2,594 sqft Built 1999

$480,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $185.04
  • 4 Days on Market
  • MLS # : 6205617
  • Updated Date : 03/13/2021 at 01:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,594 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come and see this incredible updated 4 bed, 3 bath, remodeled home! Acs both replaced 3 years ago, 1 yr old hot water heater, windows recently resealed. Dreamy kitchen has huge farm sink overlooking the backyard & quartz countertops. Bright master bedrm includes mirrored barn door, rain head shower & soaking tub. Two bedrooms, a secondary bath & large loft upstairs. Bedrm 4 is downstairs & is set up as office across from full bath w/ walk in shower. The wonderful backyard offers remote controlled sun shades at the patio, gas fire pit, artificial turf, large fenced dog run & pool. Shutters throughout! Garage offers tons of storage & Tesla charger. Walking distance to schools, Pima park & close drive to Chandler shopping & highway. This home is a dream come true! See video tour!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Chandler High School

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

$432,000$528,000$480,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,667
Property Tax -$280
Property Insurance -$78
HOA -$64
Property Management Fees -$99
CASH FLOW
-$168

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.

$480,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,387

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,991

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8953$2,0004$2,0005$2,020
$2,020
RENT COMPS ANALYSIS
  • 1650 E Del Rio Street Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.78
    •  
  • 2065 E Hulet Place Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2003
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 2094 E Oakland Street Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2004
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
  • 310 N Eucalyptus Place Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2001
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 340 N Eucalyptus Place Chandler, AZ 4
    • 4 beds 4 baths ∙ 2,522 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,522 Sqft ∙ Built 2002
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Julia Gessner
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205617
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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