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3879 S Bandit Road Gilbert, AZ 85297

2 Beds 2 Baths 1,705 sqft Built 2012

$356,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $208.80
  • 3 Days on Market
  • MLS # : 6156099
  • Updated Date : 11/06/2020 at 02:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,705 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Gorgeous Single-Level Home in ''The Knolls'' Neighborhood in the beautiful Power Ranch Community! This upgraded home features 2 Bedrooms plus an Office that can be easily converted to another Bedroom, 2 Full Bathrooms, a Spacious Living Room, and Ceiling Fans throughout. The Kitchen is open with Granite Countertops and plenty of cabinet space, Dining Area opens to a relaxing Courtyard with well cared for landscaping and a ready to go gas line. This Split Floorplan Master Suite offers a Huge Walk-In Shower, Double Sinks plus Extra Vanity, and a Walk-In Closet. You will find a Custom-fit Security Screen Door at the front, Sunscreens on all exterior windows, and charming as well as functional Custom Window treatments. Lots of closets and storage space in this home!

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
Centennial Elementary School Primary Regular 899 45 9
Centennial Elementary School Middle Regular 899 45 9
Higley High School High Regular 1,596 70 7

Centennial Elementary School

  • Education Level: Primary
  • # of students: 899
  • # of teachers: 45
9
GreatSchools Rating

Centennial Elementary School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 45
9
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$320,400$391,600$356,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,313
Property Tax -$245
Property Insurance -$60
HOA -$47
Property Management Fees -$99
CASH FLOW
-$44

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.

$356,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.48%

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$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$100,090

INVESTMENT

$100,090

Down Payment
$89,000
Rehab Estimate
$5,750
Closing Costs
$5,340

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,313

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,000
Loan Amount $267,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$19,830

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,870

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6953$1,7204$1,750
$1,750
RENT COMPS ANALYSIS
  • 3879 S Bandit Road Gilbert, AZ 3
    • 2 beds 2 baths ∙ 1,705 Sqft ∙ Built 2012 2 beds 2 baths ∙ 1,705 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.01
    •  
  • 3740 E Larson Lane Gilbert, AZ 1
    • 2 beds 2 baths ∙ 1,355 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,355 Sqft ∙ Built 2006
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.14
    •  
  • 4128 E Indigo Street Gilbert, AZ 2
    • 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 5141 S Eucalyptus Drive Gilbert, AZ 4
    • 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
PROPERTY LISTING DETAILS
Katie Williams
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156099
Last Updated: 11/06/2020
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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