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3448 S Swan Drive Gilbert, AZ 85297

3 Beds 3 Baths 1,687 sqft Built 2011

$325,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $192.65
  • 3 Days on Market
  • MLS # : 6162892
  • Updated Date : 11/20/2020 at 12:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,687 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bliss Realty & Investments

Listing Agent's Description

Are you looking for a bright, clean, comfortable home in an incredible neighborhood? If so you have found it! This open 3 bedroom, 2.5 bath home is ready for it's new owners. The wall of glass when you enter the front door is striking, opening up to a large pavered patio and lush easy to care for landscaping. Inside the home is upgraded in it's finishes, with large tiles, granite countertops, upgraded cabinetry and appliances, including a highly desired gas range! Upstairs the master and secondary bedrooms are on opposite sides lending to more privacy. The owners suite and closet are large with a bright, clean bathroom including double sinks, vanity area, and a glass framed shower. It's a great house in the awesome Power Ranch community with ''A'' rated schools and amenities galore:

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
Centennial Elementary School Primary Regular 899 45 9
Centennial Elementary School Middle Regular 899 45 9
Higley High School High Regular 1,596 70 7

Centennial Elementary School

  • Education Level: Primary
  • # of students: 899
  • # of teachers: 45
9
GreatSchools Rating

Centennial Elementary School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 45
9
GreatSchools Rating

Higley High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,199
Property Tax -$223
Property Insurance -$60
HOA -$48
Property Management Fees -$99
CASH FLOW
$41

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.

$325,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$25,542

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5993$1,6704$1,6755$1,800
$1,800
RENT COMPS ANALYSIS
  • 3448 S Swan Drive Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.99
    •  
  • 3406 S Luiseno Boulevard Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2008
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 3508 S Falcon Drive Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2012
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.95
    •  
  • 4669 E Maplewood Street Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2012
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
  • 3449 S Falcon Drive Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2011
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
PROPERTY LISTING DETAILS
Tarasa Haase
Bliss Realty & Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162892
Last Updated: 11/20/2020
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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