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3432 E Zion Way Chandler, AZ 85249

3 Beds 2 Baths 2,418 sqft Built 2010

$575,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $237.80
  • 1 Days on Market
  • MLS # : 6256657
  • Updated Date : 07/13/2021 at 18:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,418 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

This is the one you have been waiting for! Absolutely gorgeous, well-cared for, turn-key 3 bed + office 2 bath single-level home with swimming pool, easy care landscaping front & back in a gated community. With the newest technology in real estate, Buyers can see exactly what the top bid price is to lock in contract AND they're not rushed into it. No more guessing. No early acceptance of offers and missing your chance. Every Buyer gets the same opportunity whether cash or conventional. Completely transparent. Seller even including Home Warranty unlike other homes where Buyers get nothing. Super easy to register. Super easy to submit bid.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Quail Springs

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k463k

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

Neighborhood: Quail Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10452334

* 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
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Payne Junior High School

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

Perry High School

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

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,997
Property Tax -$409
Property Insurance -$74
HOA -$120
Property Management Fees -$99
CASH FLOW
-$690

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.

$575,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.7%
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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$274

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
  • $2,273

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,2504$2,3505$2,395
$2,395
RENT COMPS ANALYSIS
  • 3432 E Zion Way Chandler, AZ 1
    • 3 beds 2 baths ∙ 2,418 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,418 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3323 E Zion Way Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2010
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.83
    •  
  • 3954 E Grand Canyon Place Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 2007
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.98
    •  
  • 4064 S Huachuca Way Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 2006
    LEASED 05/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.94
    •  
  • 4059 S Mingus Drive Chandler, AZ 5
    • 4 beds 2 baths ∙ 2,363 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,363 Sqft ∙ Built 2006
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
PROPERTY LISTING DETAILS
Sheryl D Willis
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6256657
Last Updated: 07/13/2021
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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