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3492 E Zion Way Chandler, AZ 85249

4 Beds 3 Baths 2,432 sqft Built 2010

$515,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $211.76
  • 3 Days on Market
  • MLS # : 6166710
  • Updated Date : 12/11/2020 at 17:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,432 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Homes like this one don't come around too often, don't let this one pass you by! Absolutely stunning remodelled home with upgrades galore!!! 4 bed 3 full bath and 3 car tadem garage on a large cul-de-sac lot! This entertainers paradise includes a huge 8' slider door that opens up to your large backyard! Beautiful white shaker kitchen cabinets, quartz countertops, built-in appliances, gas stove, and a separate ice maker for all your bar drinks! Upstairs has a large loft, 2 guest bedrooms plus the master. Master Bathroom was just remodelled! Downstairs bedroom and full bathroom makes this home one of the best in the neighborhood. Upgrades over $100k and things you just don't find in homes in this price point! Don't let this one pass you by

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
Ryan Elementary School Primary Regular 859 42 10
Ryan Elementary School Middle Regular 859 42 10
Perry High School High Regular 3,194 142 7

Ryan Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 42
10
GreatSchools Rating

Ryan Elementary School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 42
10
GreatSchools Rating

Perry High School

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

$463,500$566,500$515,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,900
Property Tax -$367
Property Insurance -$75
HOA -$115
Property Management Fees -$99
CASH FLOW
-$5

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.

$515,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.50%

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-$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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$33,106

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,335

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2003$2,3504$2,3955$2,550
$2,550
RENT COMPS ANALYSIS
  • 3492 E Zion Way Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.05
    •  
  • 3954 E Grand Canyon Place Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 2007
    property image
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.94
    •  
  • 3053 E Sunrise Place Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2017
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 4064 S Huachuca Way Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 2006
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.94
    •  
  • 4059 S Mingus Drive Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,363 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,363 Sqft ∙ Built 2006
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
PROPERTY LISTING DETAILS
Michael Fabbro
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166710
Last Updated: 12/11/2020
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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