Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1661 W Orchid Lane Chandler, AZ 85224

3 Beds 2 Baths 1,587 sqft Built 1992

$372,999

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $235.03
  • 3 Days on Market
  • MLS # : 6172827
  • Updated Date : 12/19/2020 at 18:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,587 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

*PICTURES NOW UPLOADED* Perfectly located in the heart of Chandler! Fresh interior paint, luxury vinyl flooring, plush carpet, baseboards, refreshed landscaping and a new patio roof top including facia boards all complete in December 2020. North south facing lot, no neighbors behind and backing to the highly desired Andersen Springs greenbelt. Additional blown insulation in the attic for reduced electric bills. Copper plumbing throughout. Utility sink & exit door in the garage. Large back covered patio. Within walking distance to Fry's, shops, Andersen Elementary & Andersen Jr High School. *Please see the list of upgrades & improvements in the documents tab.*

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Andersen Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10071869

* 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
 

$335,699$410,299$372,999

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,376
Property Tax -$217
Property Insurance -$58
HOA -$5
Property Management Fees -$99
CASH FLOW
-$36

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.

$372,999

PROJECTED PRICE

$1,720

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,595

INVESTMENT

$104,595

Down Payment
$93,250
Rehab Estimate
$5,750
Closing Costs
$5,595

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,376

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,250
Loan Amount $279,749
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$24,750

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,718

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,7504$1,7505$1,790
$1,790
RENT COMPS ANALYSIS
  • 1661 W Orchid Lane Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1570 W Ironwood Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1990
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 1900 W Park Place Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1999
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.14
    •  
  • 1412 W Megan Street Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1979
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 1160 N Apollo Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1999
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.17
    •  
PROPERTY LISTING DETAILS
Michelle Biagi Bauer
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172827
Last Updated: 12/19/2020
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.

BESbswy