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425 E Coconino Place Chandler, AZ 85249

4 Beds 3 Baths 3,482 sqft Built 2003

INVESTimate

$875,000

List Price

$3,080

$2,830 - $3,330

Rent Est.

$924,088  ( +5.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $251.29
  • 2 Days on Market
  • MLS # : 6122388
  • Updated Date : 08/25/2020 at 15:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,482 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

LARGE & BEAUTIFUL WATERFRONT HOME ON A HUGE LOT IN CHANDLERS PRESTIGIOUS PINELAKE ESTATES!This is a 4 bedroom, 3 bath home with a SEPARATE OFFICE and high ceilings from 9 feet to 12 FEET! The CUL-DE-SAC LOT IS almost 15,000 sq ft!Large 3 car garage with lots of built in cabinets and a large upper deck off the master suite to enjoy your lake view and evening sunsets. A property like this doesn't come on the market very often. Make sure your clients are aware of this beauty.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
Fulton Elementary School Primary Regular 995 48 9
Fulton Elementary School Middle Regular 995 48 9
Hamilton High School High Regular 3,740 190 8

Fulton Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Fulton Elementary School

  • Education Level: Middle
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Hamilton High School

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

$787,500$962,500$875,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$3,228
Property Tax -$510
Property Insurance -$95
HOA -$124
Property Management Fees -$99
CASH FLOW
-$976

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.

$875,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$2,171

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
  • $2,925

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$2,9954$3,0005$3,500
$3,500
RENT COMPS ANALYSIS
  • 425 E Coconino Place Chandler, 1
    • 4 beds 3 baths ∙ 3,482 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,482 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 502 E Kaibab Place Chandler, 2
    • 4 beds 3 baths ∙ 3,485 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,485 Sqft ∙ Built 2005
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.76
    •  
  • 688 W Coconino Place Chandler, 3
    • 4 beds 4 baths ∙ 3,702 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,702 Sqft ∙ Built 2011
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.81
    •  
  • 1683 E Jade Place Chandler, 4
    • 5 beds 3 baths ∙ 3,479 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,479 Sqft ∙ Built 2003
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.86
    •  
  • 873 E Elmwood Place Chandler, 5
    • 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,764 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.93
    •  
PROPERTY LISTING DETAILS
James Ebbert
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122388
Last Updated: 08/25/2020
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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