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523 W Orchid Lane Chandler, AZ 85225

4 Beds 2 Baths 2,123 sqft Built 1972

$409,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $193.08
  • 6 Days on Market
  • MLS # : 6164343
  • Updated Date : 11/24/2020 at 11:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,123 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this updated home in Thunderbird Estates! This home has been refreshed with new interior paint and new carpet. Lots of natural light throughout for an open feel. The kitchen features granite countertops, a large island for extra prep and storage, and stainless steel appliances. Split bedroom floorplan for added privacy. Both bathrooms have been updated. Off the back of the home is an enclosed pool for year round swimming! Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunderbird Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Thunderbird Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9881780

* 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
Sanborn Elementary School Primary Regular 738 39 4
Andersen Junior High School Middle Regular 924 47 6
Chandler High School High Regular 3,176 153 5

Sanborn Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 39
4
GreatSchools Rating

Andersen Junior High School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 47
6
GreatSchools Rating

Chandler High School

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

$368,910$450,890$409,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,512
Property Tax -$239
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$109

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$409,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,512

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$20,906

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
  • $1,958

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,8254$1,8505$2,050
$2,050
RENT COMPS ANALYSIS
  • 523 W Orchid Lane Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1351 N Peden Circle Chandler, AZ 2
    • 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 1117 W Highland Street Chandler, AZ 3
    • 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 1984
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.02
    •  
  • 1310 N Longmore Street Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1991
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 1601 W Corona Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 1991
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.94
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164343
Last Updated: 11/24/2020
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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