Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3554 S Sterling Court Gilbert, AZ 85297

6 Beds 4 Baths 4,385 sqft Built 2008

$650,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $148.23
  • 3 Days on Market
  • MLS # : 6176251
  • Updated Date : 01/03/2021 at 02:37
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,385 sqft
  • Baths : 4 full
Listing Agent

Results Realty

Listing Agent's Description

Stunning The Willows @ Power Ranch T.W. Lewis Home situated in a rare Cul de Sac location!! This home is absolutely gorgeous and boasts the following amenities: Large plantation shutters - Solid wood flooring - Stainless appliances - Home surveillance system - Impeccable custom turf front yard landscape - Chef's / Entertainers kitchen - Huge Granite kitchen island - Massive walk in pantry - Custom staggered cabinetry - Gas cooking - Custom modern Farm lighting - Super tall ceilings - 8' interior doors and other custom trim finishes throughout - All bedrooms are oversized - Full length rear covered patio - Fresh paint inside and out - Epoxied garage flooring and much more! Power Ranch is one of the premiere communities in Gilbert! Close to Top Rated Schools, shopping, freeways and more!

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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,398
Property Tax -$421
Property Insurance -$113
HOA -$29
Property Management Fees -$99
CASH FLOW
-$119

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.

$650,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.45%

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$500k$1.0M$1.5M$2.0M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$33,547

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
  • $2,894

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7503$2,9004$2,950
$2,950
RENT COMPS ANALYSIS
  • 3554 S Sterling Court Gilbert, AZ 1
    • 6 beds 4 baths ∙ 4,385 Sqft ∙ Built 2008 6 beds 4 baths ∙ 4,385 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4178 E Maplewood Street Gilbert, AZ 2
    • 5 beds 3 baths ∙ 4,250 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,250 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.65
    •  
  • 4635 E Calistoga Drive Gilbert, AZ 3
    • 5 beds 4 baths ∙ 4,602 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,602 Sqft ∙ Built 2007
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.63
    •  
  • 4768 E Ironhorse Road Gilbert, AZ 4
    • 6 beds 4 baths ∙ 4,211 Sqft ∙ Built 2005 6 beds 4 baths ∙ 4,211 Sqft ∙ Built 2005
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.70
    •  
PROPERTY LISTING DETAILS
Jason Laflesch
Results Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176251
Last Updated: 01/03/2021
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.

BESbswy