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3534 E County Down Drive Chandler, AZ 85249

2 Beds 2 Baths 1,681 sqft Built 2003

$399,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $237.36
  • 3 Days on Market
  • MLS # : 6200819
  • Updated Date : 03/21/2021 at 02:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,681 sqft
  • Baths : 1 full , 1 half
Listing Agent

Tom Henschen And Assoc., Inc

Listing Agent's Description

Immaculately maintained single level home in the highly desired active adult community of Solera. Owner has upgraded home in recent past items such as new Trane HVAC $6600, tinted windows $2000, gutters, brand new water softener 3/18, exterior paint, decorative exterior driveway, patio, walkways, & new patio roof coat. Plantation shutters! Upgraded counter tops in kitchen, tons of storage in pantry. Garage has epoxy floors and TON'S of storage. A turn key residence refrigerator & w/d included as is furniture with an agreeable price to seller. Plenty of activities to choose from in Solera in a great part of town. Good sized easy care yard with block wall and privacy. Great quiet and fun neighborhood that shows pride of ownership and country! This is a must see home, best hurry on this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Solera Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k341k

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

Neighborhood: Solera Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181780

* 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
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Basha High School

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

$359,100$438,900$399,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,386
Property Tax -$284
Property Insurance -$60
HOA -$21
Property Management Fees -$99
CASH FLOW
-$130

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.

$399,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,731

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5503$1,7204$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 3534 E County Down Drive Chandler, AZ 3
    • 2 beds 2 baths ∙ 1,681 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,681 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.02
    •  
  • 6155 S Bell Place Chandler, AZ 1
    • 2 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,421 Sqft ∙ Built 2001
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 6455 S Kimberlee Way Chandler, AZ 2
    • 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,387 Sqft ∙ Built 2001
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 6960 S Four Peaks Way S Chandler, AZ 4
    • 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 3930 E Augusta Avenue Chandler, AZ 5
    • 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Tom Henschen
Tom Henschen And Assoc., Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200819
Last Updated: 03/21/2021
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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