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3821 E Packard Drive Gilbert, AZ 85298

4 Beds 3 Baths 2,834 sqft Built 2003

$531,580

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $187.57
  • 8 Days on Market
  • MLS # : 6163702
  • Updated Date : 11/26/2020 at 15:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,834 sqft
  • Baths : 2 full , 1 half
Listing Agent

Regal Elite Realty

Listing Agent's Description

Beautiful and Spacious Two Story home with a pool in the very popular beautiful Seville Sub Division. 4 bedroom, 2.5 bath with a 5th room at the front of the house with its own entrance. Perfect as a office, game room, work out room. Kitchen has been upgraded with new granite, sink, faucet, crown molding & painted kitchen cabinets. 1 bedroom,1 bathroom downstairs, the other 4 bedrooms upstairs. Double doors off the loft lead into the master bedroom. New granite counters with new sinks and faucets in master with double sinks, separate toilet, shower, jetted garden tub! Upstairs bathroom has new black granite countertops with new sinks / faucets. Beautiful backyard with grass is a oasis with extended covered patio overlooking the beautiful pool with water feature.RV PARKING

SEE MORE

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Auxier Elementary School Primary Regular NA
Casteel High School Middle Regular NA
Casteel High School High Regular NA

Auxier Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Casteel High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Casteel High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$478,422$584,738$531,580

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,961
Property Tax -$371
Property Insurance -$82
HOA -$12
Property Management Fees -$99
CASH FLOW
-$126

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.

$531,580

PROJECTED PRICE

$2,400

PROJECTED RENT

0.45%

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$146,619

INVESTMENT

$146,619

Down Payment
$132,895
Rehab Estimate
$5,750
Closing Costs
$7,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,961

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,895
Loan Amount $398,685
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$25,128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,593

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,5004$2,7245$2,999
$2,999
RENT COMPS ANALYSIS
  • 3821 E Packard Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.85
    •  
  • 6758 S Rachael Way Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2007
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
  • 4129 E Clubview Drive Gilbert, AZ 3
    • 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 3386 E Tiffany Court Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,724
    • $0.92
    •  
  • 3661 E Narrowleaf Drive Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,941 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,941 Sqft ∙ Built 2016
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $1.02
    •  
PROPERTY LISTING DETAILS
Louise Lively
Regal Elite Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163702
Last Updated: 11/26/2020
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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