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3004 N El Dorado Drive Chandler, AZ 85224

3 Beds 2 Baths 1,216 sqft Built 1979

INVESTimate

$319,000

List Price

$1,410

$1,269 - $1,551

Rent Est.

$336,896  ( +5.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $262.34
  • 5 Days on Market
  • MLS # : 6121107
  • Updated Date : 08/25/2020 at 13:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,216 sqft
  • Baths : 2 full
Listing Agent

Turf Realty

Listing Agent's Description

This gorgeous home has it all! Upgraded and great room floor plan. Large living room and large kitchen with lots designer maple cabinets with drawers, nice granite counter tops, granite breakfast bar, flat top stove, stainless appliances, designer faucets, 16'' neutral tile and overlooks open family room all tiled. Master bedroom is large with a walk-in closet. 2nd bedroom has nice hard wood flooring and all 3 bedrooms have ceiling fans. Backyard has extra large covered patio with new roofing, large corner lot, and extra large pool. Lots of parking space with large driveway and R.V. gate.

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
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
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,177
Property Tax -$180
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$97

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.

$319,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$14,246

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
  • $1,398

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4993$1,5804$1,6505$1,655
$1,655
RENT COMPS ANALYSIS
  • 3004 N El Dorado Drive Chandler, 1
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2257 W Obispo Avenue Mesa, 2
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1976
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.20
    •  
  • 3222 N Woodburne Drive Chandler, 3
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1979
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.10
    •  
  • 3117 N Pennington Drive Chandler, 4
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1979
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.17
    •  
  • 2670 W Mcnair Street Chandler, 5
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1978
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,655
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jeffrey A. Hale
Turf Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121107
Last Updated: 08/25/2020
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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