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3440 E Granite View Drive Phoenix, AZ 85044

4 Beds 3 Baths 3,102 sqft Built 1988

$659,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $212.44
  • 3 Days on Market
  • MLS # : 6206069
  • Updated Date : 03/12/2021 at 02:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,102 sqft
  • Baths : 2 full , 1 half
Listing Agent

American Realty Brokers

Listing Agent's Description

An exceptional opportunity for home ownership in the Ahwatukee area, this stunning 2x6 constructed semi-custom home, features 4 bedrooms, 2.5 baths, plus office and sits on a 1/4+ acre mountain view lot in the highly desirable Canyon Estates. Kitchen features custom 42'' cherry cabinetry, granite countertops and walk-in pantry; opens to family room complete with custom fireplace and wine chiller. The main level has the master suite with newly renovated en suite bathroom featuring large walk in shower and quartz countertops. The upper level has 3 generously sized bedrooms, one of which has a large walk-in closet and balcony to enjoy sweeping mountain views. Shared bathroom boasts travertine floors and tile surrounding a 6' tub/shower. Resort-like backyard has an extended patio,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $91k784k

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

Neighborhood: Canyon Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $9343693

* 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
Kyrene De La Colina School Primary Regular 535 30 7
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Colina School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 30
7
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$593,100$724,900$659,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,289
Property Tax -$469
Property Insurance -$88
HOA -$5
Property Management Fees -$99
CASH FLOW
-$369

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$659,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,385

INVESTMENT

$180,385

Down Payment
$164,750
Rehab Estimate
$5,750
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,289

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,750
Loan Amount $494,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,647

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
  • $2,869

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,5004$2,5005$3,495
$3,495
RENT COMPS ANALYSIS
  • 3440 E Granite View Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,102 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,102 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2724 E Mountain Sky Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 1990
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 3939 E Ahwatukee Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1983
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 3532 E Brookwood Court Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
  • 3213 E Desert Flower Lane Phoenix, AZ 5
    • 5 beds 4 baths ∙ 3,287 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,287 Sqft ∙ Built 1995
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.06
    •  
PROPERTY LISTING DETAILS
Michael Bauer
American Realty Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206069
Last Updated: 03/12/2021
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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