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1705 W El Alba Way Chandler, AZ 85224

3 Beds 2 Baths 1,537 sqft Built 1980

$379,950

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $247.20
  • 3 Days on Market
  • MLS # : 6192092
  • Updated Date : 02/12/2021 at 15:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,537 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautifully remodeled home near the highly-desired intersection of Dobson and Warner in Chandler! This single-level, energy efficient home with owned solar equipment was fully renovated and offers almost 1,600 square feet of living space and sits on a large lot with RV gate and no HOA. The property has a charming curb appeal with elegant stacked stone detail and low maintenance desert landscaping. Walking in, you are greeted by a large living room perfect for family and friends to gather on beautiful wood-laminate floors under bright ceiling fans. You will fall in love with the completely remodeled kitchen with lots of storage space in the custom cabinets, newer stainless-steel appliances, and plenty of space to prepare delicious meals on the upgraded countertops.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southwest Shawnee Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Southwest Shawnee Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8411780

* 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
Dobson High School High Regular 2,639 122 4

Dobson High School

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

$341,955$417,945$379,950

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,320
Property Tax -$215
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$59

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.

$379,950

PROJECTED PRICE

$1,750

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,437

INVESTMENT

$106,437

Down Payment
$94,988
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,988
Loan Amount $284,963
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$28,949

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,752

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7504$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 1705 W El Alba Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.14
    •  
  • 1606 W Barrow Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1984
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.07
    •  
  • 1708 W Highland Street Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1986
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 1705 W Rosal Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1980
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.19
    •  
  • 1704 W Barrow Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1984
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.20
    •  
PROPERTY LISTING DETAILS
Tony C Doan
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192092
Last Updated: 02/12/2021
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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