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4084 E Reins Road Gilbert, AZ 85297

4 Beds 3 Baths 2,902 sqft Built 2003

INVESTimate

$449,000

List Price

$2,130

$1,917 - $2,343

Rent Est.

$471,181  ( +4.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $154.72
  • 8 Days on Market
  • MLS # : 6119545
  • Updated Date : 08/24/2020 at 14:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,902 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous 4 bedroom 2.5 bath, oversized bonus loft in desirable Power Ranch. 3 car garage and RV gate! Large lot! Open floor plan, formal living and dining areas, neutral paint tones. Updated kitchen, beautiful white cabinets, granite counter tops, stainless steel appliances, subway tile back splash, and gorgeous updated light fixtures. Master suite is located on the FIRST FLOOR with en-suite. Upstairs features a large loft with double doors, 3 bedrooms and a bathroom. Backyard includes covered and oversized patio, large grassy area, extended pavers with fireplace, and garden area. Brand new exterior paint. Perfect family friendly neighborhood includes walking paths, multiple parks, clubhouse, pools, splashpad, lakes, and host various events, minutes from Gilbert Regional par

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
Power Ranch Elementary School Primary Regular 713 34 10
Power Ranch Elementary School Middle Regular 713 34 10
Higley High School High Regular 1,596 70 7

Power Ranch Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 34
10
GreatSchools Rating

Power Ranch Elementary School

  • Education Level: Middle
  • # of students: 713
  • # of teachers: 34
10
GreatSchools Rating

Higley High School

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

$404,100$493,900$449,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,657
Property Tax -$308
Property Insurance -$84
HOA -$83
Property Management Fees -$99
CASH FLOW
-$101

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.

$449,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.94%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$20,726

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,271

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1303$2,2254$2,3505$2,450
$2,450
RENT COMPS ANALYSIS
  • 4084 E Reins Road Gilbert, 2
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.73
    •  
  • 3741 E Esplanade Avenue Gilbert, 1
    • 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2002
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.75
    •  
  • 4140 E Sidewinder Court Gilbert, 3
    • 5 beds 4 baths ∙ 2,744 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,744 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.81
    •  
  • 3789 E Fruitvale Avenue Gilbert, 4
    • 4 beds 3 baths ∙ 3,070 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,070 Sqft ∙ Built 2003
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.77
    •  
  • 4132 E Carriage Court Gilbert, 5
    • 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2001
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.80
    •  
PROPERTY LISTING DETAILS
Arrielle Fernandez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119545
Last Updated: 08/24/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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