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2371 E County Down Drive Chandler, AZ 85249

4 Beds 3 Baths 2,884 sqft Built 2001

$459,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $159.47
  • 3 Days on Market
  • MLS # : 6201029
  • Updated Date : 03/07/2021 at 02:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,884 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Welcome to your beautiful and spacious 4 bedroom home with additional den and loft! Walk into this Open and Bright great room floor plan that overlooks the lush backyard and pebbletec pool! Granite counters, Stainless Steel appliances, and large pantry! Separate living and dining rooms for additional entertaining! New plantation shutters! All bathrooms completely updated-marble sink in the powder room, Quartzite counters in the primary and secondary bathrooms, polished Porcelain and Marble accents in the giant walk-in primary shower! Enormous primary bedroom has bay window and giant walk in closet! Secondary bedrooms have generous walk in closets too! Other notable upgrades include sunscreens, variable speed pool pump installed 2020, light fixtures, newer water softener and water heater,

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
Santan Junior High School Middle Regular 1,291 60 9
Basha High School High Regular 2,646 125 8

Santan Junior High School

  • Education Level: Middle
  • # of students: 1,291
  • # of teachers: 60
9
GreatSchools Rating

Basha High School

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

$413,910$505,890$459,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,597
Property Tax -$327
Property Insurance -$83
HOA -$13
Property Management Fees -$99
CASH FLOW
$180

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.

$459,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.50%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$41,854

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,560

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3003$2,3954$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 2371 E County Down Drive Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
  • 2651 E Augusta Avenue Chandler, AZ 1
    • 5 beds 3 baths ∙ 2,535 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,535 Sqft ∙ Built 2000
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.91
    •  
  • 2310 E Indian Wells Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,709 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,709 Sqft ∙ Built 2000
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.88
    •  
  • 2793 E Winged Foot Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.84
    •  
  • 2940 E Riviera Place Chandler, AZ 5
    • 5 beds 3 baths ∙ 2,710 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,710 Sqft ∙ Built 2001
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.92
    •  
PROPERTY LISTING DETAILS
Stephanie Burns
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201029
Last Updated: 03/07/2021
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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