Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4801 S Granite Drive Chandler, AZ 85249

4 Beds 3 Baths 3,868 sqft Built 2015

INVESTimate

$695,000

List Price

$3,000

$2,750 - $3,250

Rent Est.

$733,990  ( +5.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $179.68
  • 6 Days on Market
  • MLS # : 6120981
  • Updated Date : 08/21/2020 at 18:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,868 sqft
  • Baths : 2 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

Stunning 4 Bedroom plus Den home located in the desirable Avian Meadows. As you enter through the gorgeous custom iron door you will love the attention to detail with the beautiful upgrades all througout. Gourmet kitchen boasts with white cabinets, dual oven, gas stove, large stainless steel basin, and granite counters. You will love the oversized kitchen island and walk in pantry for storage. Shutters on every window! Neutral wood tile and upgraded carpet throughout . Den/Office downstairs can easily be used as 5th bedroom. Large loft with turret can be a perfect work or play space. Master bedroom is separate from guest bedrooms which gives wonderful privacy. Large master closet opens up to laundry room which has two separate entrances.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Chandler

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10392090

* 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
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,564
Property Tax -$495
Property Insurance -$103
HOA -$6
Property Management Fees -$99
CASH FLOW
-$267

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.

$695,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$24,795

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
  • $3,259

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7953$2,9954$3,3955$3,500
$3,500
RENT COMPS ANALYSIS
  • 4801 S Granite Drive Chandler, 1
    • 4 beds 3 baths ∙ 3,868 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,868 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2162 E Tonto Place Chandler, 2
    • 4 beds 4 baths ∙ 3,678 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,678 Sqft ∙ Built 2004
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.76
    •  
  • 3932 E San Carlos Place Chandler, 3
    • 5 beds 3 baths ∙ 3,868 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,868 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.77
    •  
  • 2727 E Teakwood Place Chandler, 4
    • 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.85
    •  
  • 5222 S Miller Place Chandler, 5
    • 4 beds 4 baths ∙ 3,531 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,531 Sqft ∙ Built 2006
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.99
    •  
PROPERTY LISTING DETAILS
Thomas Jovanovski
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120981
Last Updated: 08/21/2020
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.

BESbswy