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3488 S Jacana Lane Gilbert, AZ 85297

2 Beds 3 Baths 1,543 sqft Built 2012

$339,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $220.29
  • 5 Days on Market
  • MLS # : 6177199
  • Updated Date : 01/10/2021 at 04:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,543 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Gorgeous 2 bed, 2.5 baths 2.5 bath home located in the sought after community of Power Ranch. This very well kept single level home has 2 large bedrooms offering a split floor plan. Each bedroom has its very own full bath. 18 inch neutral tile & plantation shutters throughout!! Kitchen boasts granite countertops, maple cabinets, SS appliances, pantry, gas stove, large island w' seating & a tastefully done backsplash. Off the kitchen is a 15 foot sliding door leading to the patio. The sliding glass door has a retractable sun screen operated by remote so you can take advantage of the outside practically year round! Backyard offers landscape design w' pavers, cafe lights & enough seating to really entertain. Home offers plenty of storage. Both bedrooms feature large walk-in closets...

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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,181
Property Tax -$233
Property Insurance -$57
HOA -$48
Property Management Fees -$99
CASH FLOW
$132

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.

$339,900

PROJECTED PRICE

$1,750

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$0.0$5.0k$10k$15k

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$30,312

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
  • $1,744

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5004$1,550
$1,550
RENT COMPS ANALYSIS
  • 3488 S Jacana Lane Gilbert, AZ 1
    • 2 beds 3 baths ∙ 1,543 Sqft ∙ Built 2012 2 beds 3 baths ∙ 1,543 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3750 S Winter Lane #101 Gilbert, AZ 2
    • 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 2013 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 2013
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
  • 4985 S Citrus Court Gilbert, AZ 3
    • 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
  • 3740 E Larson Lane Gilbert, AZ 4
    • 2 beds 2 baths ∙ 1,355 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,355 Sqft ∙ Built 2006
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.14
    •  
PROPERTY LISTING DETAILS
Gina Mcmullen
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177199
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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