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841 N Granada Drive Chandler, AZ 85226

3 Beds 3 Baths 2,258 sqft Built 1994

$349,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $154.96
  • 3 Days on Market
  • MLS # : 6154903
  • Updated Date : 11/01/2020 at 19:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,258 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homemax Real Estate

Listing Agent's Description

Great 3 Bedroom, 2 Bath + Loft Home Located in Desirable D'Arcy Ranch. Kitchen Opens to Family Room with Fireplace, Formal Living Room & Formal Dining Room, Diving Pool, Large Lot and More!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: D'arcy Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k378k

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

Neighborhood: D'arcy Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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 Traditional Academy - Sure����o Campus Primary Regular 504 25 8
Kyrene Aprende Middle School Middle Regular 1,040 56 9
Corona Del Sol High School High Regular 2,781 114 7

Kyrene Traditional Academy - Sure����o Campus

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 25
8
GreatSchools Rating

Kyrene Aprende Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 56
9
GreatSchools Rating

Corona Del Sol High School

  • Education Level: High
  • # of students: 2,781
  • # of teachers: 114
7
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,291
Property Tax -$265
Property Insurance -$71
HOA -$10
Property Management Fees -$99
CASH FLOW
$384

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.

$349,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$67,873

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,123

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0503$2,0994$2,1205$2,400
$2,400
RENT COMPS ANALYSIS
  • 841 N Granada Drive Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.94
    •  
  • 790 N Granada Drive Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,258 Sqft ∙ Built 1995
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.84
    •  
  • 902 N Sicily Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1995
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.95
    •  
  • 3161 W Genoa Way Chandler, AZ 3
    • 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 1995
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.97
    •  
  • 832 N Sicily Drive Chandler, AZ 5
    • 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1994
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
PROPERTY LISTING DETAILS
E.t. Saffon
Homemax Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154903
Last Updated: 11/01/2020
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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