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3162 E Powell Way Gilbert, AZ 85298

3 Beds 2 Baths 1,964 sqft Built 2006

$479,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $243.89
  • 3 Days on Market
  • MLS # : 6170177
  • Updated Date : 12/11/2020 at 08:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,964 sqft
  • Baths : 2 full
Listing Agent

Cactus Mountain Properties, Llc

Listing Agent's Description

MOVE IN READY upgraded 3 bedroom/2 bathroom home in highly desired Shamrock Estates in Gilbert. Spilt floorplan with a huge master suite with double sinks, tub, and huge walk in shower. Brand new carpet in bedrooms and living room, tile throughout the rest. Come relax in your own backyard paradise next to the soothing waterfall, or jump in the sparkling heated pool featuring brand new designer travertine pool decking, attached spa and brand new pool heater pump and salt cell. Backyard also features built in grill area, new low maintenance turf and putting green, new drip lines and RV gate. New water softener installed for the home., Come view this beautiful home today!!

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
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,767
Property Tax -$303
Property Insurance -$65
HOA -$21
Property Management Fees -$99
CASH FLOW
-$267

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.

$479,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.42%

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$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$12,144

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
  • $1,827

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7254$1,8005$2,200
$2,200
RENT COMPS ANALYSIS
  • 3162 E Powell Way Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2988 E Palmdale Lane Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2011
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 2867 E Anika Drive Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2007
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.87
    •  
  • 6335 S Shelby Way Gilbert, AZ 4
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 3227 E Virgil Drive Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2010
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
PROPERTY LISTING DETAILS
Kimberly D Brewer
Cactus Mountain Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170177
Last Updated: 12/11/2020
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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