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2777 E Majestic Eagle -- Gilbert, AZ 85297

4 Beds 3 Baths 3,022 sqft Built 2000

$800,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $264.73
  • 3 Days on Market
  • MLS # : 6199225
  • Updated Date : 02/27/2021 at 15:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,022 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Wow! Gorgeous home at the end of a peaceful cul-de-sac is now on the market! This horse property offers great curb appeal, desert landscaping, circular driveway, RV gate, and 3 car garage. Follow the pathway to the custom entry door! Interior boasts formal living & dining rooms, plantation shutters in the right places, fireplace in the cozy family room, and breakfast room. Fabulous kitchen features high-end stainless steel appliances, large cabinets, island, and granite countertops. The spacious master suite has bay windows allowing tons of natural light, carpet, and a full ensuite with double sinks, soaking tub, step-in shower, and ample walk-in closet. Huge backyard is tastefully divided, you'll find cozy covered patio, built-in BBQ, and fire pit; as well as a shed & lush lawn. Act now!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Broadland Ranches Greenfield

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $122k605k

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

Neighborhood: Broadland Ranches Greenfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10362662

* 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
Cooley Middle School Middle Unknown 915 39 NA
Williams Field High School High Regular 1,705 64 7

Cooley Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 39
NA
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$720,000$880,000$800,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,779
Property Tax -$569
Property Insurance -$86
HOA -$1
Property Management Fees -$99
CASH FLOW
-$844

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.

$800,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,555

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,584

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6903$2,6954$2,6955$2,959
$2,959
RENT COMPS ANALYSIS
  • 2777 E Majestic Eagle -- Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,022 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,022 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.89
    •  
  • 2735 E Narrowleaf Drive Gilbert, AZ 1
    • 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2011
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 3767 E Fruitvale Avenue Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,221 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,221 Sqft ∙ Built 2003
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.84
    •  
  • 5845 S Parkcrest Street Gilbert, AZ 4
    • 4 beds 3 baths ∙ 3,292 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,292 Sqft ∙ Built 2012
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.82
    •  
  • 2896 E Trigger Way Gilbert, AZ 5
    • 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2009 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2009
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,959
    • $0.95
    •  
PROPERTY LISTING DETAILS
Stephen Horn
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199225
Last Updated: 02/27/2021
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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