Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3791 E Weather Vane Road Gilbert, AZ 85296

5 Beds 4 Baths 4,361 sqft Built 2010

INVESTimate

$715,000

List Price

$2,900

$2,650 - $3,150

Rent Est.

$741,884  ( +3.76%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $163.95
  • 7 Days on Market
  • MLS # : 6119272
  • Updated Date : 08/20/2020 at 19:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,361 sqft
  • Baths : 3 full , 1 half
Listing Agent

Turf Realty

Listing Agent's Description

Incredible Gilbert home available in highly sought after Lakeview Trails at Morrison Ranch. Fabulous front elevation with large front patio. Welcome to a beautifully maintained home with NEW WOOD and PLUSH CARPET flooring. Upgraded GOURMET kitchen boasts Granite countertops, SS appliances, subway tile backsplash, Shutters, and a BUTCHER BLOCK island. You will love this spacious floor plan and open flow. The master retreat includes a huge walk in closet and an exquisite spa inspired en-suite with dual vanities, a gorgeous glass shower and separate soaking tub. From the home office, large loft/game room, to large secondary bedrooms, this home has it all. Solar Panels provide low electric bills and cool living! Mature landscaping in front and back provide a serene environment for family fun

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakeview Trails North at Morrison Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k484k

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

Neighborhood: Lakeview Trails North at Morrison Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10362304

* 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
Greenfield Elementary School Primary Regular 720 42 10
Greenfield Elementary School Middle Regular 720 42 10
Highland High School High Regular 3,065 123 8

Greenfield Elementary School

  • Education Level: Primary
  • # of students: 720
  • # of teachers: 42
10
GreatSchools Rating

Greenfield Elementary School

  • Education Level: Middle
  • # of students: 720
  • # of teachers: 42
10
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating
 

$643,500$786,500$715,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,638
Property Tax -$443
Property Insurance -$112
HOA -$107
Property Management Fees -$99
CASH FLOW
-$499

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.

$715,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.76%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$11,090

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $3,358

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,9003$3,6004$3,900
$3,900
RENT COMPS ANALYSIS
  • 3791 E Weather Vane Road Gilbert, 2
    • 5 beds 4 baths ∙ 4,361 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,361 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.66
    •  
  • 716 S Parkcrest Street Gilbert, 1
    • 4 beds 3 baths ∙ 4,038 Sqft ∙ Built 2004 4 beds 3 baths ∙ 4,038 Sqft ∙ Built 2004
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.64
    •  
  • 2973 E Austin Drive Gilbert, 3
    • 5 beds 4 baths ∙ 4,553 Sqft ∙ Built 2016 5 beds 4 baths ∙ 4,553 Sqft ∙ Built 2016
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.79
    •  
  • 4244 E Caroline Lane Gilbert, 4
    • 6 beds 4 baths ∙ 4,422 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,422 Sqft ∙ Built 2003
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Andrew Hoyt
Turf Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119272
Last Updated: 08/20/2020
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.

BESbswy