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3886 S Winter Lane Gilbert, AZ 85297

3 Beds 3 Baths 1,590 sqft Built 2007

$379,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $238.93
  • 2 Days on Market
  • MLS # : 6203529
  • Updated Date : 03/06/2021 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,590 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

VACANT! 3 bedroom, 2.5 bath home in Power Ranch! NEW luxury vinyl plank flooring in common areas/bathrooms and laundry. Carpet in bedrooms and stairs. Kitchen is nice and open with light and bright cabinets, and NEW stainless steel range, microwave and dishwasher. NEW interior paint! Power Ranch-Multiple community pools/community center and walking/biking trails.

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
Sossaman Middle School Middle Unknown 901 44 NA
Higley High School High Regular 1,596 70 7

Sossaman Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 44
NA
GreatSchools Rating

Higley High School

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

$341,910$417,890$379,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,320
Property Tax -$261
Property Insurance -$58
HOA -$48
Property Management Fees -$99
CASH FLOW
-$196

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.

$379,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.42%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,634

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
  • $1,701

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5993$1,7954$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 3886 S Winter Lane Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4051 S Vineyard Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2003
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.10
    •  
  • 3478 S Seneca Way Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2011
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
  • 4671 E Claxton Avenue Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2012
    property image
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
  • 3938 S Vineyard Court Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2011
    property image
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203529
Last Updated: 03/06/2021
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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