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3457 E Pageant Place Gilbert, AZ 85297

5 Beds 4 Baths 4,015 sqft Built 2003

$605,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $150.68
  • 2 Days on Market
  • MLS # : 6189536
  • Updated Date : 02/06/2021 at 01:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,015 sqft
  • Baths : 3 full , 1 half
Listing Agent

Geneva Real Estate And Investments

Listing Agent's Description

Amazingly Remodeled Family Home in a prime location! This spacious five bedroom, 3.5 bath, plus loft home is located right next to Gilbert's new HUGE community park. This home has beautiful barn doors, updated kitchen with double gas range, remodeled fireplace, remodeled bathroom, custom built-ins, wood plank tile and much more! All upgrades are listed in the Document tab. Move quick on this one...this home won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k362k

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

Neighborhood: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361981

* 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
Cooley Middle School Middle Unknown 915 39 NA
Williams Field High School High Regular 1,705 64 7

Cooley Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 39
NA
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$544,500$665,500$605,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,101
Property Tax -$404
Property Insurance -$105
HOA -$20
Property Management Fees -$99
CASH FLOW
-$40

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.

$605,000

PROJECTED PRICE

$2,690

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$166,075

INVESTMENT

$166,075

Down Payment
$151,250
Rehab Estimate
$5,750
Closing Costs
$9,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,101

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $151,250
Loan Amount $453,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$30,302

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
  • $2,981

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6953$2,7004$2,9955$3,450
$3,450
RENT COMPS ANALYSIS
  • 3457 E Pageant Place Gilbert, AZ 1
    • 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3723 E Latham Court Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2002
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.71
    •  
  • 18546 E Sawgrass Trail Queen Creek, AZ 3
    • 5 beds 4 baths ∙ 3,745 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,745 Sqft ∙ Built 2004
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.72
    •  
  • 4077 E Claxton Avenue Gilbert, AZ 4
    • 5 beds 3 baths ∙ 4,068 Sqft ∙ Built 2004 5 beds 3 baths ∙ 4,068 Sqft ∙ Built 2004
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.74
    •  
  • 2560 E Carob Drive Gilbert, AZ 5
    • 6 beds 5 baths ∙ 4,305 Sqft ∙ Built 2010 6 beds 5 baths ∙ 4,305 Sqft ∙ Built 2010
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.80
    •  
PROPERTY LISTING DETAILS
Melissa A. Johnson
Geneva Real Estate And Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189536
Last Updated: 02/06/2021
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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