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3748 E Timberline Road Gilbert, AZ 85297

4 Beds 2 Baths 1,749 sqft Built 2003

$395,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $225.84
  • 3 Days on Market
  • MLS # : 6193353
  • Updated Date : 02/12/2021 at 23:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,749 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

4/2 split floor plan in The Arbors in coveted Power Ranch & no houses behind! Newer A/C-2016, new carpet & int paint in 2020, newer ext paint-2018. Nice size Kitchen w/ backsplash, pantry, eat-in Dining Area & pass thru bar area w/room for 4 bar stools. Spacious Great Room w/built-in 7.1 Surround Sound & custom Stone Creek Media Console. Great size Master Bedroom w/walk-in closet. Master Bath has 2 sinks & frameless glass shower w/tile surround & bench. Extended back patio has decorative treatment & can lights w/Xlong concrete pad! Synthetic turf-low maintenance & no dead grass. RV Gate! 26 miles of walking/biking paths, 2 Lg swimming pools & clubhouses, several playgrounds, tennis courts, basketball courts, 2 beautiful catch & release fishing ponds & more! Great neighborhood schools.

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
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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,372
Property Tax -$271
Property Insurance -$61
HOA -$29
Property Management Fees -$99
CASH FLOW
-$122

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.

$395,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.43%

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-$5.0k$0.0$5.0k$10k$15k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,841

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7104$1,7955$1,825
$1,825
RENT COMPS ANALYSIS
  • 3748 E Timberline Road Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.98
    •  
  • 3922 E Ironhorse Road Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2002
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.05
    •  
  • 4008 E Ironhorse Road Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2002
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 3791 E Sebastian Lane Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2004
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 3854 E Cavalry Court Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2001
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.13
    •  
PROPERTY LISTING DETAILS
Laura Talbott
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193353
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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