Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5900 W Orchid Lane Chandler, AZ 85226

3 Beds 3 Baths 2,821 sqft Built 1993

$575,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $203.83
  • 3 Days on Market
  • MLS # : 6165270
  • Updated Date : 11/27/2020 at 11:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,821 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this gorgeous four bedroom home in sought after Warner Ranch! Vaulted ceilings with lots of natural light throughout. Formal living and dining rooms as well as a family room with a wet bar open to the kitchen. The kitchen features granite countertops, an island for extra prep and storage, and stainless steel appliances. Split bedroom floorplan for added privacy. The primary bedroom has private access to the patio and a full ensuite bathroom with dual sinks, separate shower and tub, and a walk in closet. The backyard has a covered patio with ceiling fans extended with room for outdoor furniture and a private pool. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Warner Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k447k

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

Neighborhood: Warner Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452090

* 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
Kyrene De La Mariposa Elementary School Primary Regular 548 29 8
Kyrene Del Pueblo Middle School Middle Regular 829 50 8
Corona Del Sol High School High Regular 2,781 114 7

Kyrene De La Mariposa Elementary School

  • Education Level: Primary
  • # of students: 548
  • # of teachers: 29
8
GreatSchools Rating

Kyrene Del Pueblo Middle School

  • Education Level: Middle
  • # of students: 829
  • # of teachers: 50
8
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$2,122
Property Tax -$357
Property Insurance -$82
HOA -$9
Property Management Fees -$99
CASH FLOW
-$339

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.

$575,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,433

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
  • $2,356

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,3954$2,3955$2,500
$2,500
RENT COMPS ANALYSIS
  • 5900 W Orchid Lane Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,821 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,821 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5951 W Park Avenue Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 1991
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.81
    •  
  • 5562 W Orchid Lane Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,979 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,979 Sqft ∙ Built 1992
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.80
    •  
  • 151 E Jeanine Drive Tempe, AZ 4
    • 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1987
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.85
    •  
  • 98 E Evelyn Lane Tempe, AZ 5
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1989
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165270
Last Updated: 11/27/2020
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.

BESbswy