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2560 E Coconino Drive Chandler, AZ 85249

5 Beds 4 Baths 4,416 sqft Built 2003

$639,999

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $144.93
  • 2 Days on Market
  • MLS # : 6192391
  • Updated Date : 02/14/2021 at 02:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,416 sqft
  • Baths : 4 full
Listing Agent

Prosmart Realty

Listing Agent's Description

This one truly wont last, 5 bedrooms, bonus room, office newer HVAC, pool, bbq, movie room are all just to name a few. All of this on a private lot with no neighbors behind or in front. Come check it out yourself.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fonte Al Sole

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k523k

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

Neighborhood: Fonte Al Sole

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10452585

* 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
Carlson Elementary School Primary Unknown 726 39 NA
Santan Junior High School Middle Regular 1,291 60 9
Perry High School High Regular 3,194 142 7

Carlson Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 39
NA
GreatSchools Rating

Santan Junior High School

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

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$575,999$703,999$639,999

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,223
Property Tax -$456
Property Insurance -$113
HOA -$24
Property Management Fees -$99
CASH FLOW
$65

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.

$639,999

PROJECTED PRICE

$2,980

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $160,000
Loan Amount $479,999
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$40,600

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $3,058

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,980
1$2,9802$3,0003$3,0004$3,1005$3,350
$3,350
RENT COMPS ANALYSIS
  • 2560 E Coconino Drive Chandler, AZ 1
    • 5 beds 4 baths ∙ 4,416 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,416 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $0.67
    •  
  • 2065 E Crescent Place Chandler, AZ 2
    • 5 beds 4 baths ∙ 4,468 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,468 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.67
    •  
  • 2723 E Zion Way Chandler, AZ 3
    • 5 beds 4 baths ∙ 4,447 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,447 Sqft ∙ Built 2005
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.67
    •  
  • 3221 E Lynx Place Chandler, AZ 4
    • 5 beds 5 baths ∙ 4,588 Sqft ∙ Built 2008 5 beds 5 baths ∙ 4,588 Sqft ∙ Built 2008
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.68
    •  
  • 2734 E Grand Canyon Drive Chandler, AZ 5
    • 5 beds 4 baths ∙ 4,447 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,447 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.75
    •  
PROPERTY LISTING DETAILS
Heather Taylor
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192391
Last Updated: 02/14/2021
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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