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3931 E Wyatt Way Gilbert, AZ 85297

4 Beds 2 Baths 1,850 sqft Built 2001

$429,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $232.38
  • 4 Days on Market
  • MLS # : 6201940
  • Updated Date : 03/06/2021 at 22:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,850 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Outstanding Remodel in sought after San Tan Ranch. 4 bedroom split plan with a Jack and Jill style full guest bath, Separate Tub and Shower in Master. Sparkling Pool and Spa, and just enough grass to enjoy and not slave over. Remodel includes: New Beautiful White Quartz Counters and vanities, New paint, New carpet, New SS appliances, New wood look 40'' Plank Tile, New Trane AC, New fixtures, new Toilet and new mix of rock and sod landscaping. Perfect location, near great schools, restaurants, shopping and transportation corridor.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Tan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: San Tan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371981

* 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
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,493
Property Tax -$294
Property Insurance -$63
HOA -$13
Property Management Fees -$99
CASH FLOW
-$102

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.

$429,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$16,217

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
  • $1,850

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,7504$1,7995$2,000
$2,000
RENT COMPS ANALYSIS
  • 3931 E Wyatt Way Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3904 E Longhorn Drive Gilbert, AZ 2
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 3865 E Wyatt Way Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 3816 E Frances Lane Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2007
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.02
    •  
  • 3903 E Longhorn Drive Gilbert, AZ 5
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
PROPERTY LISTING DETAILS
Cindy D Desanti White
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201940
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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