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3924 E Grand Canyon Place Chandler, AZ 85249

4 Beds 3 Baths 2,911 sqft Built 2007

$634,995

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $218.14
  • 4 Days on Market
  • MLS # : 6189666
  • Updated Date : 02/11/2021 at 15:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,911 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

WOW! Stunning 4 bedroom Plus Den 3 bath home located in the beautiful and highly desirable Old Stone Ranch community. As you enter the community you will be greeted by massive boulders and modern water features. Drive down the treelined streets to your amazing new home. This open floor plan is highlighted by a gourmet kitchen, black stainless appliances, rich wood cabinetry and granite countertops. Step out back and you will find one of the largest premium lots OSR has to offer. Completely upgraded back yard with travertine, outdoor BBQ, and a new Bullfrog Spa/Jacuzzi. This home has it all! Recently installed water softener for the whole house, upgraded carpet and much more. Large Tandem 3 car garage, N/S Exposure. This one won't last long! Come See!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Old Stone Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k554k

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

Neighborhood: Old Stone Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452603

* 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
 

$571,496$698,495$634,995

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,206
Property Tax -$452
Property Insurance -$84
HOA -$36
Property Management Fees -$99
CASH FLOW
-$407

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.

$634,995

PROJECTED PRICE

$2,470

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$174,024

INVESTMENT

$174,024

Down Payment
$158,749
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,206

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,749
Loan Amount $476,246
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,543

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,503

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,1953$2,4704$2,4995$2,750
$2,750
RENT COMPS ANALYSIS
  • 3924 E Grand Canyon Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.85
    •  
  • 1136 E Blue Spruce Lane Gilbert, AZ 1
    • 5 beds 3 baths ∙ 2,774 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,774 Sqft ∙ Built 2012
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.79
    •  
  • 3353 E Canyon Way Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2005
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
  • 3392 E Zion Way Chandler, AZ 4
    • 5 beds 3 baths ∙ 2,744 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,744 Sqft ∙ Built 2010
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.91
    •  
  • 4622 S Onyx Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.90
    •  
PROPERTY LISTING DETAILS
Brian Timpani
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189666
Last Updated: 02/11/2021
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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