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1940 W Oriole Way Chandler, AZ 85286

3 Beds 3 Baths 1,509 sqft Built 1996

$375,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $248.51
  • 5 Days on Market
  • MLS # : 6177477
  • Updated Date : 01/06/2021 at 16:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,509 sqft
  • Baths : 2 full , 1 half
Listing Agent

Balboa Realty, Llc

Listing Agent's Description

This 3bed 2.5 bath home is in the perfect location. Minutes from the 202 and 101 freeways, as well as the Chandler Fashion Mall and all the restaurants surrounding it. As you walk in you are welcomed with a large living room with high ceilings, and a view out to the sparkling pool. The large Kitchen has more countertop and cabinet space than the most seasoned home chef would need. The Master is large with an en suite with dual sinks, Tub shower, and a perfectly sized walk in closet. Entertain your friends and family in the large back yard with a great play pool and large patio and RV Gate. Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Clemente Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Tarwater Elementary School Primary Regular 857 45 9
Tarwater Elementary School Middle Regular 857 45 9
Hamilton High School High Regular 3,740 190 8

Tarwater Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Tarwater Elementary School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 45
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,303
Property Tax -$218
Property Insurance -$57
HOA -$17
Property Management Fees -$99
CASH FLOW
$46

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.

$375,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$25,445

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
  • $1,739

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7004$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 1940 W Oriole Way Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1972 W Goldfinch Way Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1996
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.10
    •  
  • 1895 W Raven Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1996
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.23
    •  
  • 1463 W Roadrunner Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1998
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.09
    •  
  • 1774 W Pelican Drive Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2011
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.19
    •  
PROPERTY LISTING DETAILS
James D Walsh
Balboa Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177477
Last Updated: 01/06/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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