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709 W El Prado Road Chandler, AZ 85225

3 Beds 2 Baths 1,825 sqft Built 1981

$390,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $213.70
  • 2 Days on Market
  • MLS # : 6206857
  • Updated Date : 03/13/2021 at 16:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,825 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Nicely upgraded home with 3 bedrooms and 2 bathrooms with added bonus room. Both roof and AC are in good condition. Great location! Close to shoppings, schools and freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Amberwood South

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $99k320k

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

Neighborhood: Amberwood South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8461780

* 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
Dobson High School High Regular 2,639 122 4

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,355
Property Tax -$221
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$7

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.

$390,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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$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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$23,527

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
  • $1,880

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,8504$1,9255$1,925
$1,925
RENT COMPS ANALYSIS
  • 709 W El Prado Road Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 412 W Mission Drive Chandler, AZ 2
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1981
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 703 W Marlboro Drive Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1985
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
  • 2701 N Hartford Street Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 1981
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.07
    •  
  • 906 W Barrow Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1980
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.00
    •  
PROPERTY LISTING DETAILS
Chun Crouse
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206857
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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