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871 W Oriole Way Chandler, AZ 85286

3 Beds 3 Baths 1,985 sqft Built 2000

$475,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $239.29
  • 6 Days on Market
  • MLS # : 6153206
  • Updated Date : 11/02/2020 at 04:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,985 sqft
  • Baths : 3 full
Listing Agent

Delex Realty

Listing Agent's Description

Your perfect piece of Real Estate is here in highly sought after, beautiful Carino Estates. You will love the long covered back patio with a newly replastered blue lagoon pebble tec pool w/shimmer waterfall. Stunning quartzite countertops throughout entire kitchen with contemporary mosaic travertine backsplash. Samsung SS appliances, r/o, Insta hot, cabinets galore+can lighting, ALL come together to make this your NEW DREAM KITCHEN!! Split Master with an enormous closet!! Guest bedroom also has a private bathrm. Garage service door, Front security door, garage cabinets, surround sound LR,Ruud A/C 2 yrs, hot water heater 1 yr. Hurry come see this Incredible home! Only 6 minutes to the 202, great Chandler schools & wonderful neighbors!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carino Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k400k

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

Neighborhood: Carino Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452061

* 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
Hancock Elementary School Primary Regular 863 43 8
Bogle Junior High School Middle Regular 1,225 56 8
Hamilton High School High Regular 3,740 190 8

Hancock Elementary School

  • Education Level: Primary
  • # of students: 863
  • # of teachers: 43
8
GreatSchools Rating

Bogle Junior High School

  • Education Level: Middle
  • # of students: 1,225
  • # of teachers: 56
8
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,753
Property Tax -$277
Property Insurance -$66
HOA -$8
Property Management Fees -$99
CASH FLOW
-$92

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.

$475,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$20k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$25,053

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
  • $2,109

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$2,0504$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 871 W Oriole Way Chandler, AZ 1
    • 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1110 W Raven Drive Chandler, AZ 2
    • 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1998
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 902 W Raven Drive Chandler, AZ 3
    • 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 2000
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.02
    •  
  • 822 W Raven Drive Chandler, AZ 4
    • 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1999
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.11
    •  
  • 2700 S Mcclelland Place Chandler, AZ 5
    • 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1998
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.11
    •  
PROPERTY LISTING DETAILS
Melanie F Avila
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153206
Last Updated: 11/02/2020
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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