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2932 E Sagebrush Street Gilbert, AZ 85296

4 Beds 3 Baths 2,517 sqft Built 2017

INVESTimate

$565,000

List Price

$2,040

$1,836 - $2,244

Rent Est.

$593,194  ( +4.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $224.47
  • 3 Days on Market
  • MLS # : 6121617
  • Updated Date : 08/25/2020 at 16:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,517 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ravenswood Realty

Listing Agent's Description

Beautiful 3-year old home in the popular Warner Groves at Morrison Ranch neighborhood. Open concept kitchen w/ light gray shaker cabinets and contrasting white island, granite countertops, stainless steel appliances - perfect for entertaining - leading to an eat-in dining area and adjacent to centralized family room. You will love the flooring in the home with many upgrades that come with a brand-new build. Four spacious bedrooms and extra office provide plenty of space for family & guests. Backyard is primed for outdoor living with synthetic grass and an extended covered patio. 3 car tandem garage has plenty of storage. House sits one property from open greenspace and steps from playground. Incredible Gilbert Schools, just yards from school bus stop. Major highway access & great shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361987

* 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 Elementary School Primary Regular 720 42 10
Greenfield Elementary School Middle Regular 720 42 10
Highland High School High Regular 3,065 123 8

Greenfield Elementary School

  • Education Level: Primary
  • # of students: 720
  • # of teachers: 42
10
GreatSchools Rating

Greenfield Elementary School

  • Education Level: Middle
  • # of students: 720
  • # of teachers: 42
10
GreatSchools Rating

Highland High School

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

$508,500$621,500$565,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$2,085
Property Tax -$350
Property Insurance -$76
HOA -$112
Property Management Fees -$99
CASH FLOW
-$682

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.

$565,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.99%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$721

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
  • $2,215

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$2,1004$2,3955$2,495
$2,495
RENT COMPS ANALYSIS
  • 2932 E Sagebrush Street Gilbert, 1
    • 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2961 E Brooks Street Gilbert, 2
    • 3 beds 2 baths ∙ 2,361 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,361 Sqft ∙ Built 1999
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
  • 915 S Agnes Lane Gilbert, 3
    • 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2014
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 3412 E Robin Lane Gilbert, 4
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2009
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.94
    •  
  • 3676 E Gideon Way Gilbert, 5
    • 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kevin Thomas Foley
Ravenswood Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121617
Last Updated: 08/25/2020
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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