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2395 W Orchid Lane Chandler, AZ 85224

3 Beds 3 Baths 1,709 sqft Built 1987

$350,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $204.80
  • 4 Days on Market
  • MLS # : 6156508
  • Updated Date : 11/07/2020 at 11:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,709 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Move in ready home in highly sought after Chandler! Fantastic 3bd/2.5ba home with POOL! A 500+sf addition was added in 2006 providingextra living space and bfast nook makes for a unique floor plan. Cosy up to the wood burning fireplace in the great room. Vaulted ceilingsgive that sense of space; bonus 2 sets of french doors off the great room/dining room to the back patio. Large Master bedroom and hugewalk in closet. 2012 updated master & hall baths. Beautiful tile throughout the first floor. Fridge, washer and dryer - ALL included! Privatebackyard oasis, low maintenance desert landscape. HOA TAKES CARE OF FRONT YARD! 3 houses away from green belt, mailboxes andcommunity pool. Great schools, shopping and Amberwood Park is close by.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $115k358k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Chandler Traditional Academy - Goodman Campus Primary Alternative 711 37 10
Chandler Traditional Academy - Goodman Campus Middle Alternative 711 37 10
Chandler High School High Regular 3,176 153 5

Chandler Traditional Academy - Goodman Campus

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
10
GreatSchools Rating

Chandler Traditional Academy - Goodman Campus

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
10
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,291
Property Tax -$204
Property Insurance -$61
HOA -$74
Property Management Fees -$99
CASH FLOW
-$39

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.

$350,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$20,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,722

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6903$1,7004$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 2395 W Orchid Lane Chandler, AZ 2
    • 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.99
    •  
  • 1505 N El Dorado Court Chandler, AZ 1
    • 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1984
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 1506 N Tamarisk Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1984
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 2274 W Orchid Lane Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,543 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,543 Sqft ∙ Built 1986
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 2534 W Orchid Lane Chandler, AZ 5
    • 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1990
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
PROPERTY LISTING DETAILS
Caroline P Wood
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156508
Last Updated: 11/07/2020
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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