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3417 S Jacana Lane Gilbert, AZ 85297

3 Beds 3 Baths 2,182 sqft Built 2012

$375,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $171.86
  • 2 Days on Market
  • MLS # : 6206777
  • Updated Date : 03/13/2021 at 03:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,182 sqft
  • Baths : 2 full , 1 half
Listing Agent

Darcam Real Estate Investments

Listing Agent's Description

Great opportunity in Power Ranch!! This corner lot, 3 bedroom, 2.5 bath, home with den and loft is ready for a new homeowner's special touch! Kitchen has beautiful dark staggered, shaker cabinets, granite countertops and stainless steel appliances. Full wall arcadia sliding door leads out to nice sized outdoor space with patio and low maintenance turf. Garage was converted to living space but can easily be converted back to 2 car garage. Upstairs has a nice loft area with upgraded wrought iron banister and 3 great sized bedrooms. Beautiful master bath with walk in shower, extra vanity space and large walk in closet. Enjoy what Power Ranch offers to its home owners, with gorgeous green grassed common areas, walking paths community pool and so much more! Gilbert Living at its BEST

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Power Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Power Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9591981

* 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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,303
Property Tax -$258
Property Insurance -$70
HOA -$48
Property Management Fees -$99
CASH FLOW
$44

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.

$375,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$23,935

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,817

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7253$1,7504$1,8205$1,895
$1,895
RENT COMPS ANALYSIS
  • 3417 S Jacana Lane Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.83
    •  
  • 3423 S Jacana Lane Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2012
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 3444 S Falcon Drive Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 2012
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.82
    •  
  • 3520 S Swan Drive Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2011
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 4489 E Wyatt Way Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2012
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
PROPERTY LISTING DETAILS
Melanie Hunsaker
Darcam Real Estate Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206777
Last Updated: 03/13/2021
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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