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1842 W Alamo Drive Chandler, AZ 85224

3 Beds 2 Baths 1,528 sqft Built 1984

$399,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $261.71
  • 6 Days on Market
  • MLS # : 6175129
  • Updated Date : 12/31/2020 at 13:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,528 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

NO HOA + RV GATE! Immaculate, renovated home in the highly coveted Chandler Bridgeporte subdivision! No expense was spared. Gorgeous vaulted ceilings, designer waterfall quartz counters, NEW ROOF, brand new cabinets/appliances, tile shower, recessed lighting, new wood-like flooring and much, much more! This one is IT! Owner/agent.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bridgeporte

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Bridgeporte

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9171780

* 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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,475
Property Tax -$226
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$58

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.

$399,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$24,971

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,803

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7753$1,8004$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 1842 W Alamo Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.18
    •  
  • 3117 N Pennington Drive Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1979
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.17
    •  
  • 2639 N Carriage Lane Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1987
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.18
    •  
  • 1806 W Straford Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1980
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.17
    •  
  • 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
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.20
    •  
PROPERTY LISTING DETAILS
Grant Smith
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175129
Last Updated: 12/31/2020
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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