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3705 E Ficus Way Gilbert, AZ 85298

4 Beds 3 Baths 2,235 sqft Built 2015

$529,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $236.69
  • 3 Days on Market
  • MLS # : 6169643
  • Updated Date : 12/11/2020 at 21:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,235 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Fantastic 4 bed, 3 bath Gilbert home nestled into highly sought after community. Beautiful inside and out, this gem features great curb appeal leading into a spacious fluid floor plan with wood look tile flooring and vaulted ceilings. The kitchen will delight any chef with stainless steel appliances, granite counter tops, a plethora of dark wood cabinetry, gas cooktop and an island with breakfast bar seating. Master retreat includes a private en-suite with dual vanities and an oversized tiled shower. Step out to your covered patio and enjoy the low maintenance grassy backyard. Perfect for sipping coffee or a BBQ. Easy access to dining, shopping, freeways, golf & Gilbert Regional Parks new attractions. Walking distance to Bridges Elementary. Don't miss out! See it today and make it yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bridges at Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k424k

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

Neighborhood: Bridges at Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10362234

* 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
Power Ranch Elementary School Primary Regular 713 34 10
Power Ranch Elementary School Middle Regular 713 34 10
Higley High School High Regular 1,596 70 7

Power Ranch Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 34
10
GreatSchools Rating

Power Ranch Elementary School

  • Education Level: Middle
  • # of students: 713
  • # of teachers: 34
10
GreatSchools Rating

Higley High School

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

$476,100$581,900$529,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,952
Property Tax -$353
Property Insurance -$71
HOA -$11
Property Management Fees -$99
CASH FLOW
-$396

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.

$529,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 12.4%
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-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,515

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,324

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,2003$2,3004$2,3005$2,550
$2,550
RENT COMPS ANALYSIS
  • 3705 E Ficus Way Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.94
    •  
  • 5948 S Inez Drive Gilbert, AZ 2
    • 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 2006
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 3526 E Walnut Road Gilbert, AZ 3
    • 5 beds 3 baths ∙ 2,206 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,206 Sqft ∙ Built 2016
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
  • 3564 E Alfalfa Drive Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,206 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,206 Sqft ∙ Built 2015
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
  • 3695 E Lodgepole Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2015
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.11
    •  
PROPERTY LISTING DETAILS
Bharat Kaushal
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169643
Last Updated: 12/11/2020
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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