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3606 E Woodside Way Gilbert, AZ 85297

3 Beds 2 Baths 1,204 sqft Built 2000

$325,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $269.93
  • 3 Days on Market
  • MLS # : 6193206
  • Updated Date : 02/12/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,204 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Great 3/2 in the heart of Gilbert! This 1,200+ SF gem features stainless steel appliances in the kitchen, centrally located laundry closet, a walk-in closet in the master, and a living room that is open into the dining area. The sliding glass doors give you a view of the custom, 6'x10' travertine tile patio, the black glass rock outdoor fireplace, and the 15'x30' play pool. The pool, fire place, and detachable outdoor grill hookup are all powered by natural gas. Enjoy the awesome backyard with the privacy it offers. Mature trees in view offer additional cover, and the back fence runs along your neighbors driveways, instead of their backyard. Super low maintenance landscape but drip lines in place. This home is ready to move into. Great location, great schools, and a great buy!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Tan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: San Tan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371981

* 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
 

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

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,129
Property Tax -$222
Property Insurance -$51
HOA -$13
Property Management Fees -$99
CASH FLOW
-$154

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

$1,360

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$7,619

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,361

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,3953$1,5954$1,6755$1,700
$1,700
RENT COMPS ANALYSIS
  • 3606 E Woodside Way Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.13
    •  
  • 3540 E Waterman Street Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1999
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.16
    •  
  • 3522 S Cupertino Drive Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 2004
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.16
    •  
  • 3567 S Joshua Tree Lane Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2001
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.09
    •  
  • 3700 E Derringer Way Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 2000
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
PROPERTY LISTING DETAILS
Jessica Loewer
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193206
Last Updated: 02/12/2021
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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