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1971 W Oriole Way Chandler, AZ 85286

3 Beds 3 Baths 1,509 sqft Built 1996

$385,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $255.14
  • 3 Days on Market
  • MLS # : 6193117
  • Updated Date : 02/14/2021 at 05:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,509 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome home to this charming South Chandler home in popular Clemente Ranch neighborhood. This home features beautiful bamboo like laminate flooring throughout, large kitchen with island, breakfast bar and stainless steel appliances. Best of all it has a year around Arizona backyard with large diving pool, plenty of kool deck, covered patio, large grassy area, shade trees, fire pit and RV gate with room for parking your toys. Shopping and restaurants are a bike ride away with Oregano's, Nando's and Cold Beer and Cheeseburger's around the corner. Clemente Ranch has lots of greenbelts, parks and walking paths and is conveniently located near the Price Tech Corridor.

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
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

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

$346,500$423,500$385,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,337
Property Tax -$224
Property Insurance -$57
HOA -$17
Property Management Fees -$99
CASH FLOW
-$24

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.

$385,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.44%

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$20,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,754

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7104$1,7955$1,899
$1,899
RENT COMPS ANALYSIS
  • 1971 W Oriole Way Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.13
    •  
  • 1972 W Goldfinch Way Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1996
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.10
    •  
  • 1895 W Raven Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1996
    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
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.09
    •  
  • 1712 W Sparrow Drive N Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1998
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.23
    •  
PROPERTY LISTING DETAILS
Fernando Armijo
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193117
Last Updated: 02/14/2021
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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