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871 W Zion Place Chandler, AZ 85248

4 Beds 4 Baths 3,053 sqft Built 2012

$824,900

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $270.19
  • 3 Days on Market
  • MLS # : 6159694
  • Updated Date : 11/28/2020 at 09:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,053 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Immaculately finished, semi-custom home on over .5 acre cul-de-sac lot in highly desirable Fulton Ranch. Single-story Malibu floor plan includes 4BR and 3.5BA and a separate office. The 4th bedroom includes ensuite. 10' ceilings, oversized tile, surround sound wiring, light fixtures and luxury vinyl plank flooring give the home a majestic feel. A gourmet kitchen, complete with built-in refrigerator and wine bar, extensive upgraded soft close cabinets and storage. Master bedroom and family room lead out to must-see resort-style backyard including a sleek pool and spa, gazebo, two fire pits, outdoor shower space and outdoor kitchen/bar with built in-grill. Plenty of room for you to build a casita for guests. Extra wide drive leads to RV gate. See docs tab for all upgrades.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fulton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $122k784k

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

Neighborhood: Fulton Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10453693

* 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
Fulton Elementary School Primary Regular 995 48 9
Fulton Elementary School Middle Regular 995 48 9
Hamilton High School High Regular 3,740 190 8

Fulton Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Fulton Elementary School

  • Education Level: Middle
  • # of students: 995
  • # of teachers: 48
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$742,410$907,390$824,900

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$3,044
Property Tax -$598
Property Insurance -$87
HOA -$58
Property Management Fees -$99
CASH FLOW
-$695

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.

$824,900

PROJECTED PRICE

$3,190

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,349

INVESTMENT

$224,349

Down Payment
$206,225
Rehab Estimate
$5,750
Closing Costs
$12,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,225
Loan Amount $618,675
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,116

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
  • $2,870

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,7004$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 871 W Zion Place Chandler, AZ 1
    • 4 beds 4 baths ∙ 3,053 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,053 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 946 W Zion Way Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2017
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.88
    •  
  • 823 W Aster Drive Chandler, AZ 3
    • 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 1998
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.88
    •  
  • 73 W Crescent Way Chandler, AZ 4
    • 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2010
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.98
    •  
  • 755 W Hemlock Way Chandler, AZ 5
    • 5 beds 3 baths ∙ 2,932 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,932 Sqft ∙ Built 1999
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.02
    •  
PROPERTY LISTING DETAILS
Brian R Thompson
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159694
Last Updated: 11/28/2020
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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