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2030 E Bellerive Place Chandler, AZ 85249

3 Beds 2 Baths 2,159 sqft Built 2000

$449,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $207.97
  • 3 Days on Market
  • MLS # : 6163253
  • Updated Date : 11/21/2020 at 18:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,159 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

This 3 bedroom plus den, single level, Chandler home is perfectly located in the Cooper Commons neighborhood! The spacious formal living/dining area welcomes you & the possibilities for this space are endless! The eat-in, island kitchen features a TON of honey maple cabinets for all your storage needs, recessed lighting & a separate cabinet area. The living room boasts a beautifully designed custom built-in TV/Media/Storage cabinet with an up to date wood wall featuring name brand built-in surround sound speakers & opens to the kitchen, ideal for entertaining. The master suite is complete with tons of light, separate shower & soaking tub, dual sinks, a vanity area & a massive walk-in closet. The HUGE backyard is an absolute showstopper with a covered patio, flagstone, tons of grass, & POOL

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cooper Commons

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Cooper Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9741981

* 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
Hull Elementary School Primary Regular 777 45 9
Hull Elementary School Middle Regular 777 45 9
Basha High School High Regular 2,646 125 8

Hull Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Hull Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 45
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,657
Property Tax -$320
Property Insurance -$69
HOA -$13
Property Management Fees -$99
CASH FLOW
-$367

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.

$449,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,7953$1,8904$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 2030 E Bellerive Place Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,159 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,159 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.83
    •  
  • 2097 E Riviera Drive Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 2000
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 2080 E Augusta Avenue Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.86
    •  
  • 2411 E County Down Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 2302 E Torrey Pines Place Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2000
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Curtis Johnson
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163253
Last Updated: 11/21/2020
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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