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4008 E Blue Sage Court Gilbert, AZ 85297

4 Beds 3 Baths 2,327 sqft Built 2007

$469,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $201.93
  • 3 Days on Market
  • MLS # : 6190420
  • Updated Date : 02/05/2021 at 18:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,327 sqft
  • Baths : 3 full
Listing Agent

Offerpad

Listing Agent's Description

Nice curb appeal for this charming 4 bed, 3 bath home with RV gates. This home is located in the highly sought after Power Ranch. Formal living/Dining. Soaring ceilings. Neutral color palette. Tile floors throughout the main level. Open concept floor plan for the kitchen, dining, and family room. The eat-in kitchen has custom cabinets, granite counters, subway tiled backsplash, island with breakfast bar, and a walk-in pantry. Cute reading nook under the stairway. Powder room downstairs. One bed & bath downstairs. Open loft has many possibilities. Sizable bedrooms have walk-in closet. The primary bedroom has a full bath, and a walk-in closet. The backyard is an entertainer's delight with a built-in BBQ, raised deck, synthetic lawn, firepit. Make this your new home today!

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
 

$422,910$516,890$469,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,632
Property Tax -$323
Property Insurance -$73
HOA -$27
Property Management Fees -$99
CASH FLOW
-$163

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.

$469,900

PROJECTED PRICE

$1,990

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$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$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,123

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9503$1,9904$2,1955$2,395
$2,395
RENT COMPS ANALYSIS
  • 4008 E Blue Sage Court Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.86
    •  
  • 3902 S Mandarin Way Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 2008
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.83
    •  
  • 3893 E Claxton Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2007
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 3831 E Santa Fe Lane Gilbert, AZ 4
    • 4 beds 4 baths ∙ 2,260 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,260 Sqft ∙ Built 2006
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.97
    •  
  • 3887 E Claxton Avenue Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,523 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,523 Sqft ∙ Built 2007
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.95
    •  
PROPERTY LISTING DETAILS
Steve J Jardina
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190420
Last Updated: 02/05/2021
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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