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5181 S Cotton Drive Chandler, AZ 85248

4 Beds 2 Baths 2,121 sqft Built 1996

$467,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $220.18
  • 3 Days on Market
  • MLS # : 6178571
  • Updated Date : 01/08/2021 at 18:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,121 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Amazing opportunity in 85248 to make this lovely 4 bedroom 2 bath house your home. Backyard privacy with Ironwood Golf Course as your neighbor. Vaulted ceilings and and flowing floor plan give the home a spacious feel. The property has been well maintained with an updated kitchen, fresh paint throughout and a new roof in 2015. The generous Master bedroom can accommodate large furniture with plenty of storage, plant shelves and a Master bath that features soaking tub, vanity with dual sinks and walk in closet. Just minutes to shopping, dining, golf as well as great Valley employers such as GM Financial, INTEL, PayPal and more. Come and see for yourself before the opportunity passes you by.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Oakwood Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k463k

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

Neighborhood: Oakwood Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452274

* 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
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

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

$420,300$513,700$467,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,622
Property Tax -$341
Property Insurance -$69
HOA -$25
Property Management Fees -$99
CASH FLOW
-$45

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.

$467,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.45%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$129,505

INVESTMENT

$129,505

Down Payment
$116,750
Rehab Estimate
$5,750
Closing Costs
$7,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,750
Loan Amount $350,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$22,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,195

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1103$2,2504$2,2955$2,395
$2,395
RENT COMPS ANALYSIS
  • 5181 S Cotton Drive Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.99
    •  
  • 245 W Teakwood Place Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 4700 S Fulton Ranch Boulevard #63 Chandler, AZ 3
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2006
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.13
    •  
  • 120 W Birchwood Place Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.08
    •  
  • 865 W Beechnut Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
PROPERTY LISTING DETAILS
Heather Macpherson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178571
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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