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2464 E Sierra Madre Avenue Gilbert, AZ 85296

5 Beds 4 Baths 3,242 sqft Built 2003

$774,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $238.74
  • 3 Days on Market
  • MLS # : 6202813
  • Updated Date : 03/12/2021 at 16:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,242 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Stunning home with top of the line finishes in the perfect location! Situated on over 1/3 acre of immaculate grounds in a gated community, this home has it all! Chef's kitchen w/ Cambria Quartz counters, gorgeous cabinets, stainless appliances, dbl ovens, walk-in pantry, breakfast bar. Huge master suite w/copper Japanese soaking tub, custom walk-in shower, dbl vanities, separate exit to backyard. Two Jack-n-Jill bathrooms accommodate the additional 4 bedrooms & there's a half bath to boot. Amazing yard, huge heated salt water pebbletec diving pool, spa, 2 gazebos w/shades (1 w/electric), Synlawn turf (stays cooler), artistic stone, cov'd patio w/tongue & groove ceiling. Two 18 SEER a/c units, roof repapered, Argon filled vinyl windows, custom closets, plantation shutters, 4+ car garage!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenfield Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k580k

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

Neighborhood: Greenfield Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10362716

* 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
Greenfield Junior High School Middle Regular 917 44 9
Highland High School High Regular 3,065 123 8
Greenfield Junior High School Middle Unknown NA

Greenfield Junior High School

  • Education Level: Middle
  • # of students: 917
  • # of teachers: 44
9
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating

Greenfield Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$696,600$851,400$774,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,688
Property Tax -$455
Property Insurance -$90
HOA -$150
Property Management Fees -$99
CASH FLOW
-$633

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.

$774,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$210,860

INVESTMENT

$210,860

Down Payment
$193,500
Rehab Estimate
$5,750
Closing Costs
$11,610

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,688

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,500
Loan Amount $580,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,812

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4953$2,8004$2,8505$3,500
$3,500
RENT COMPS ANALYSIS
  • 2464 E Sierra Madre Avenue Gilbert, AZ 4
    • 5 beds 4 baths ∙ 3,242 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,242 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.88
    •  
  • 554 S Roanoke Street Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,943 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,943 Sqft ∙ Built 1999
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.80
    •  
  • 1678 E Linda Lane Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2000
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.86
    •  
  • 345 N Date Palm Drive Gilbert, AZ 3
    • 5 beds 4 baths ∙ 3,541 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,541 Sqft ∙ Built 1999
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.79
    •  
  • 633 S Parkcrest Street Gilbert, AZ 5
    • 4 beds 4 baths ∙ 3,429 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,429 Sqft ∙ Built 2004
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.02
    •  
PROPERTY LISTING DETAILS
David Terwilliger
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202813
Last Updated: 03/12/2021
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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