Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4058 E Marshall Avenue Gilbert, AZ 85297

5 Beds 3 Baths 2,667 sqft Built 2003

$499,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $187.44
  • 3 Days on Market
  • MLS # : 6184632
  • Updated Date : 02/07/2021 at 01:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,667 sqft
  • Baths : 3 full
Listing Agent

Mynd Property Management

Listing Agent's Description

Two story property located in the desired Power Ranch is now for sale! Providing palm trees, sweet curb appeal, and 3 car garage plus slab driveway for extra parking. The marvelous floor plan is comprised of nice-sized bedrooms, cozy living spaces for entertainment, and tons of natural light ideal for interior plants. Beautiful kitchen has plenty of cabinet/counter space and high-end appliances that allows you create culinary dishes. In the main bedroom, you will find a private master bath for an added ease and convenience. Resort-style backyard is perfect to spend relaxing evenings, with its sparkling blue pool and its covered patio. The Power Ranch community offers fishing, clubhouse, walking paths, multiple community pools, large parks/greenbelts, and much more! Book a showing 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
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,736
Property Tax -$343
Property Insurance -$79
HOA -$29
Property Management Fees -$99
CASH FLOW
-$236

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.

$499,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.41%

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$11,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,214

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,045
1$2,0452$2,0503$2,2004$2,2005$2,225
$2,225
RENT COMPS ANALYSIS
  • 4058 E Marshall Avenue Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.77
    •  
  • 3898 S Stallion Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2004
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.81
    •  
  • 4255 E Cloudburst Court Gilbert, AZ 3
    • 5 beds 3 baths ∙ 2,520 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,520 Sqft ∙ Built 2002
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 3544 E Cabrillo Court Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,665 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,665 Sqft ∙ Built 2001
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 4140 E Sidewinder Court Gilbert, AZ 5
    • 5 beds 4 baths ∙ 2,744 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,744 Sqft ∙ Built 2003
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.81
    •  
PROPERTY LISTING DETAILS
Brandon S Graham
Mynd Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184632
Last Updated: 02/07/2021
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.

BESbswy