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3748 E Sheffield Road Gilbert, AZ 85296

3 Beds 3 Baths 2,492 sqft Built 2004

$479,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $192.22
  • 2 Days on Market
  • MLS # : 6193854
  • Updated Date : 02/13/2021 at 19:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,492 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This home is a must see! It is nestled in the cozy community of Ray Ranch which is conveniently located near the developing Epicenter, Cosmo Dog Park, Agritopia, and San Tan Village! This is a prime opportunity to buy in the highly coveted Gilbert near developing attractions. The home has been completely renovated both inside and out! The kitchen showcases stunning cabinets, sparkling quartz, and an extended countertop! New flooring is featured throughout the entire home creating a neutral color palate fit for all styles. Fresh paint, baseboards, light fixtures, and recessed lighting brighten up each room you enter! This home is perfect for your family with 3 bedrooms, 2 1/2 bathrooms, a spacious loft, den, and large backyard! Act fast, this dream home will not last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ray Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k358k

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

Neighborhood: Ray Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9161981

* 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
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,664
Property Tax -$327
Property Insurance -$76
HOA -$70
Property Management Fees -$99
CASH FLOW
-$436

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.

$479,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,962

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8953$1,9004$1,9455$2,000
$2,000
RENT COMPS ANALYSIS
  • 3748 E Sheffield Road Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
  • 965 S Wallrade Lane Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 1568 S Hawk Court Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2002
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 3335 E Sheffield Road Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.85
    •  
  • 3388 E Jasper Drive Gilbert, AZ 5
    • 4 beds 4 baths ∙ 2,487 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,487 Sqft ∙ Built 2006
    property image
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
PROPERTY LISTING DETAILS
Sonia Gamez
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193854
Last Updated: 02/13/2021
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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