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3041 E Packard Drive Gilbert, AZ 85298

4 Beds 3 Baths 2,375 sqft Built 2005

$449,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $189.05
  • 2 Days on Market
  • MLS # : 6160206
  • Updated Date : 11/14/2020 at 05:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,375 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Former builder model home in desirable Shamrock Farms. Split bedroom floor plan with 10' ceilings & a large bonus/office game room. New exterior paint, plantation shutters, French doors in the living room, high-end, real hard-wood floors in all bedrooms & the bonus room, tiled, gas fireplace in the family room and ceiling fans throughout. Kitchen includes staggered maple cabinets, granite counters, kitchen island, & stainless steel appliances. Huge master w/double sinks, large walk-in closet & separate tub & shower. Other features include upgraded door hardware, security system & security cameras, new soft-water system, stained glass features, laundry cabinets, sun screens, rain gutters. Back yard has view fence to common area. Close to shopping, the restaurants & award-winning schools.

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Chandler Traditional Academy - Freedom Campus Primary Regular 839 38 9
Chandler Traditional Academy - Freedom Campus Middle Regular 839 38 9
Casteel High School High Regular NA

Chandler Traditional Academy - Freedom Campus

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 38
9
GreatSchools Rating

Chandler Traditional Academy - Freedom Campus

  • Education Level: Middle
  • # of students: 839
  • # of teachers: 38
9
GreatSchools Rating

Casteel High School

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

$404,100$493,900$449,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,657
Property Tax -$284
Property Insurance -$73
HOA -$21
Property Management Fees -$99
CASH FLOW
-$175

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.

$449,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$16,244

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,143

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,849
1$1,8492$1,9183$1,9604$2,2505$2,275
$2,275
RENT COMPS ANALYSIS
  • 3041 E Packard Drive Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.83
    •  
  • 3275 E Sports Drive Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 2011
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.85
    •  
  • 6248 S Moccasin Trail Gilbert, AZ 2
    • 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 2003
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,918
    • $0.85
    •  
  • 7044 S Bridal Vail Drive Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,389 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,389 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.94
    •  
  • 3498 E Vernon Street Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,356 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,356 Sqft ∙ Built 2004
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.97
    •  
PROPERTY LISTING DETAILS
Evan Anderson
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160206
Last Updated: 11/14/2020
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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