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 Thunderheart Court Gilbert, AZ 85297

5 Beds 5 Baths 4,593 sqft Built 2006

$794,900

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $173.07
  • 2 Days on Market
  • MLS # : 6196871
  • Updated Date : 02/20/2021 at 00:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,593 sqft
  • Baths : 4 full , 1 half
Listing Agent

Visionary Properties

Listing Agent's Description

Simply stunning home in the amazing & sought after subdivision of Power Ranch. Located on a quiet cul de sac this home has it all. This 4 car garage, 5bed/4.5 bath home could easily be converted to a 6th bdrm with its current den/full bath down stairs. Two additional bonus room areas off of two already enormous rooms. Wood-like tile flooring through all the traffic areas. Huge master bedroom & master retreat w/ elegant, inviting master bath that boasts cooper honed slate & jetted tub. Breath taking contemporary cabinets, w/ upgraded back splash, granite counter tops, large island, & walk in pantry. Amazing back yard w/ fenced swimming pool, huge grotto w/ water slide & built in spa. Premium lot with travertine pavers. New carpet, garage cabinets and tankless hot water. Highly upgraded!

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
 

$715,410$874,390$794,900

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,761
Property Tax -$546
Property Insurance -$117
HOA -$28
Property Management Fees -$99
CASH FLOW
-$500

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.

$794,900

PROJECTED PRICE

$3,050

PROJECTED RENT

0.38%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,399

INVESTMENT

$216,399

Down Payment
$198,725
Rehab Estimate
$5,750
Closing Costs
$11,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,725
Loan Amount $596,175
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$11,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,940

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9003$3,050
$3,050
RENT COMPS ANALYSIS
  • 4058 E Thunderheart Court Gilbert, AZ 3
    • 5 beds 5 baths ∙ 4,593 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,593 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.66
    •  
  • 4178 E Maplewood Street Gilbert, AZ 1
    • 5 beds 3 baths ∙ 4,250 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,250 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.65
    •  
  • 4635 E Calistoga Drive Gilbert, AZ 2
    • 5 beds 4 baths ∙ 4,602 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,602 Sqft ∙ Built 2007
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.63
    •  
PROPERTY LISTING DETAILS
Tammy L Chapman
Visionary Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196871
Last Updated: 02/20/2021
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