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$965,000

Under Contract
2383 E Zion Way, Chandler, AZ 85249
4 Beds
3 Baths
3,826 Square Feet
0.32 Acres Lot
Built in 2004
Under Contract
Units n/a
Checked: 7 hours ago
Updated: Aug 30, 2025 at 10:15AM

Investment Summary


Monthly Cash Flow
-$5,834
Cap Rate
-1.6%
Cash-on-Cash Return
-31.5%
Debt Coverage Ratio
-0.28
Internal Rate of Return (5 years)
-26.4%

Property Description


0.32 Acres Lot
Built in 2004
Under Contract
Units n/a

Exquisitely upgraded residence nestled in a prestigious gated Chandler enclave. The gourmet kitchen showcases rich cabinetry, granite countertops, and premium finishes. Entertain effortlessly with a sophisticated built-in bar and an upstairs loft. A grand laundry room with a butler's pantry adds refined functionality like no other. The serene master retreat offers mechanical blackout shades, a spa-inspired bath and a generously large walk-in closet. This home features surround sound throughout, a separate breathtaking courtyard atrium, an expansive 319-acre (13,911 sq ft) lot, a lushly landscaped yard, and a tranquil fountain. A rare offering of luxury, space, and timeless charm.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 9

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: GUD Community Manage
  • HOA Fee: $175/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 30344518
  • Lot Size: 13911 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Santa Barbara/Tuscan
  • Year Built: 2004

Tax Information

  • Annual Tax: $42,080

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Teri Hunter
LPT Realty, LLC
(623) 377-6007

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6875625
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$5,834
Cap Rate
-1.6%
Cash-on-Cash Return
-31.5%
Debt Coverage Ratio
-0.28
Internal Rate of Return (5 years)
-26.4%

Purchase Details

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Purchase price:
$965,000
Amount financed:
-$772,000
Down payment:
$193,000
Closing costs:
$28,950
Rehab costs:
$0
Initial cash invested:
$221,950
Square feet:
3,826
Cost per square foot:
$252
Monthly rent per square foot:
$0.91

Financing Details

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Loan amount:
$772,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,567
Property tax:
$3,507
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,319

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (100%)
100%-$3,507-$42,080
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (5%)
5%-$175-$2,100
Total operating expenses: (130%)
130%-$4,557-$54,680

Cash Flow


Monthly Yearly
Net operating income:
-$1,267 -$15,204
Mortgage payments:
-$4,567 -$54,804
Cash flow:
$5,834 $70,008