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2930 E Powell Way Gilbert, AZ 85298

4 Beds 3 Baths 3,206 sqft Built 2005

$525,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $163.76
  • 3 Days on Market
  • MLS # : 6202881
  • Updated Date : 03/06/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,206 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Welcome to the beautiful Shamrock Estates community in Gilbert! This GORGEOUS home features 4 bedrooms and two full baths upstairs with a half bath located on the first floor. This 3,206 sq ft home has ALL NEW flooring throughout, fresh paint inside, and ALL NEW paint on the exterior! The HUGE master bedroom offers a master bath with dual sinks, a separate tub, and shower, and a walk-in closet. LOVE your laundry room again with all NEW CABINETS and a sink. The secondary bedrooms are PERFECTLY sized with one having custom bunkbeds. You'll be able to enjoy all the beautiful weather with your new security door and for those hot summer months, there's a new a/c unit for that! Did you mention you needed an office?! There's one of those too downstairs off of the LARGE living room.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shamrock Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k454k

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

Neighborhood: Shamrock Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362178

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,824
Property Tax -$333
Property Insurance -$90
HOA -$22
Property Management Fees -$99
CASH FLOW
-$117

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.

$525,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$20,324

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,517

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2503$2,6504$2,6955$2,750
$2,750
RENT COMPS ANALYSIS
  • 2930 E Powell Way Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,206 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,206 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.70
    •  
  • 2573 E Ironside Court Gilbert, AZ 1
    • 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2013
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
  • 3296 E Tonto Court Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2007
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.78
    •  
  • 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
    •  
  • 3518 E Eleana Lane Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.81
    •  
PROPERTY LISTING DETAILS
Mike Schude
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202881
Last Updated: 03/06/2021
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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