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2101 W El Prado Road Chandler, AZ 85224

4 Beds 2 Baths 1,614 sqft Built 1980

$450,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $278.81
  • 3 Days on Market
  • MLS # : 6202605
  • Updated Date : 03/13/2021 at 00:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,614 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

STOP THE CAR Ms. Daisy!!!! This home is amazing and has the paradise style backyard that every family dreams about!!! Some of the amazing features include: 4 true bedrooms, 2 bathrooms, a remodeled kitchen with upgraded granite countertops, refinished clean white cabinetry with decorative hardware and gorgeous stainless steel appliances, newer interior and exterior paint, newer dual pane energy efficient windows throughout, newly resurfaced bathtub and shower surrounds, a/c and roof both replaced in 2010, NO HOA, a 15,525 square foot lot with lush landscaping that includes a huge assortment of shade, fruit and nut trees like ash, ficus, apple, apricot, pecan, pistachio plus a great variety of shrubs and bushes (see the complete list under documents tab), a remodeled pebble tec diving

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Orangetree

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $114k358k

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

Neighborhood: Orangetree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8931981

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,563
Property Tax -$254
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$125

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.

$450,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$16,536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,872

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7753$1,8004$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 2101 W El Prado Road Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.15
    •  
  • 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
    •  
  • 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
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.18
    •  
  • 1705 W Rosal Drive Chandler, AZ 3
    • 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
Susan Lynn Jordan
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202605
Last Updated: 03/13/2021
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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