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411 E Del Rio Street Chandler, AZ 85225

3 Beds 2 Baths 1,120 sqft Built 1995

INVESTimate

$325,000

List Price

$1,200

$1,080 - $1,320

Rent Est.

$343,233  ( +5.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $290.18
  • 3 Days on Market
  • MLS # : 6121815
  • Updated Date : 08/24/2020 at 10:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,120 sqft
  • Baths : 2 full
Listing Agent

Right One Realty

Listing Agent's Description

Chandler Move-In Ready. The vaulted ceilings make this home feel so open and light and bright! Architectural details provide interest and the new Windows and Plantation Shutters on the South Sun Facing side bring beauty and energy savings. Beautiful quartz counter tops in kitchen and both bathrooms. Stainless steel appliances including refrigerator, New Soft Water system, New Hot & Cold RO system, Ceiling Fans throughout. Master Bathroom has large walk in closet AND NEW WALK IN TUB with quick drain and hand held shower wand. 20x20 Gray tile in the kitchen and bathrooms. New Gray laminate flooring in living room and hallway. New LG Washer & Dryer. Low Maintenance Landscaping. Tile Roof, Great Chandler Location. (No HOA, no hassles!)

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
Galveston Elementary School Primary Regular 699 47 3
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Galveston Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 47
3
GreatSchools Rating

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Chandler High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

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 $1,200
EXPENSES Loan Payment -$1,199
Property Tax -$189
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$336

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.

$325,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.37%

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,822

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,201

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,4253$1,5004$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 411 E Del Rio Street Chandler, 1
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.07
    •  
  • 860 N Mcqueen Road #1002 Chandler, 2
    • 3 beds 3 baths ∙ 1,287 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,287 Sqft ∙ Built 1997
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.11
    •  
  • 144 S Kingston Street Chandler, 3
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1994
    property image
    LEASED 07/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
  • 1361 N Fresno Street Chandler, 4
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 2006
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
  • 876 E Sheffield Avenue Chandler, 5
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 2001
    property image
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
PROPERTY LISTING DETAILS
Jeffrey Meyer
Right One Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121815
Last Updated: 08/24/2020
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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