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2976 E Wyatt Way Gilbert, AZ 85297

4 Beds 3 Baths 2,826 sqft Built 2012

$655,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $231.78
  • 3 Days on Market
  • MLS # : 6208199
  • Updated Date : 03/19/2021 at 05:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,826 sqft
  • Baths : 3 full
Listing Agent

Arizona Gateway Real Estate

Listing Agent's Description

Amazing single-story 4 Bdrm / 3 Bath ''smart'' home with a pool and 3-car garage in one of Gilbert's premier neighborhoods! The owner has spared no expense with automating this home; indoor/outdoor lighting, ceiling fans, misters, even the outdoor garden watering system! The gated courtyard welcomes you to this beautiful split floor plan home with tile floors throughout, huge kitchen, upgraded cabinets, granite counters, kitchen island, custom backsplash, stainless appliances, walk-in pantry, and upgraded fixtures, lights, and ceiling fans throughout. The spacious mstr bdrm has a separate shower and tub and a huge walk-in closet. In addition there are 3 guest bdrms, plus an office, plus a teen room! The outdoor oasis includes a beautiful pebble-tech pool and above-ground jacuzzi! Wow!

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
Sossaman Middle School Middle Unknown 901 44 NA
Higley High School High Regular 1,596 70 7

Sossaman Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 44
NA
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$589,500$720,500$655,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,275
Property Tax -$447
Property Insurance -$82
HOA -$80
Property Management Fees -$99
CASH FLOW
-$573

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.

$655,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$179,325

INVESTMENT

$179,325

Down Payment
$163,750
Rehab Estimate
$5,750
Closing Costs
$9,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,275

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $163,750
Loan Amount $491,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,489

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
  • $2,572

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3494$2,6505$2,795
$2,795
RENT COMPS ANALYSIS
  • 2976 E Wyatt Way Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3016 E Wyatt Way E Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
  • 3296 E Hopkins Road Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.88
    •  
  • 2860 E Wyatt Way Gilbert, AZ 4
    • 4 beds 4 baths ∙ 2,758 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,758 Sqft ∙ Built 2012
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.96
    •  
  • 3077 E Maplewood Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2011
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kerry Jackson
Arizona Gateway Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208199
Last Updated: 03/19/2021
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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