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3759 E Powell Way Gilbert, AZ 85298

4 Beds 3 Baths 2,640 sqft Built 2002

$535,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $202.65
  • 3 Days on Market
  • MLS # : 6199330
  • Updated Date : 02/26/2021 at 20:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,640 sqft
  • Baths : 3 full
Listing Agent

Arizona Haciendas Real Estate Co.

Listing Agent's Description

This is an absolute stunning beauty! No expense spared FULL REMODEL! This home is an entertainers dream, huge vaulted ceilings at the entrance w/ impressive stair case. Beautiful new hard floors! Downstairs there is an ''inlaw'' suite w/ full bath, the kitchen includes all New S.S appliances & quartz counters, formal dinning & breakfast nook, open great room w/ views of the San Tans. Large laundry room w/ upgraded washer/dryer. Upstairs: 3 large bedrooms + master suite w/ private master bath includes a separate tub & shower. Massive loft, and secondary loft room. This home sits on a wonderful huge lot with a private pool, and large mature landscape! Full 2 car & separate 3rd car garage great for storage or all your toys! Sought after Seville community in beautiful Gilbert!

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PRICE & RENT TRENDS

Neighborhood: Seville

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k388k

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

Neighborhood: Seville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362109

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,858
Property Tax -$374
Property Insurance -$79
HOA -$12
Property Management Fees -$99
CASH FLOW
-$142

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.

$535,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$19,010

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
  • $2,462

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,4954$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 3759 E Powell Way Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6933 S View Lane Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005
    property image
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.85
    •  
  • 6479 S Tucana Lane Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,645 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,645 Sqft ∙ Built 2012
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.94
    •  
  • 4129 E Clubview Drive Gilbert, AZ 4
    • 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 3244 E Creosote Lane Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2015
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.06
    •  
PROPERTY LISTING DETAILS
Paul R. Pietrzak
Arizona Haciendas Real Estate Co.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199330
Last Updated: 02/26/2021
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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