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4099 E Pinon Way Gilbert, AZ 85234

3 Beds 2 Baths 2,134 sqft Built 1998

$400,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $187.44
  • 4 Days on Market
  • MLS # : 6154531
  • Updated Date : 11/02/2020 at 12:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,134 sqft
  • Baths : 2 full
Listing Agent

Re/max Solutions

Listing Agent's Description

GREAT LOCATION !! This is a Charming 3 Bedrooms Plus a Den/ Office! , 2 Baths. With a Formal Dining Room and Large Living Room for Entertaining! Kitchen with Center Island looks over the COZY Family Room. **NEW stainless steel Appliances!! Tile and Carpet in all the right places!! Neutral Colors through out with Designer Touches. Newer carpet and interior paint. Beautifully landscaped with Grass in Front and Back yard, Built in seating area in backyard as well. Close to the 202 and 60 Freeway with plenty of shopping nearby.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Superstition Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k475k

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

Neighborhood: Superstition Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10362380

* 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
Towne Meadows Elementary School Primary Regular 634 33 9
Towne Meadows Elementary School Middle Regular 634 33 9
Highland High School High Regular 3,065 123 8

Towne Meadows Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 33
9
GreatSchools Rating

Towne Meadows Elementary School

  • Education Level: Middle
  • # of students: 634
  • # of teachers: 33
9
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,476
Property Tax -$237
Property Insurance -$69
HOA -$68
Property Management Fees -$99
CASH FLOW
-$159

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.

$400,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$13,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,926

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7903$1,8254$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 4099 E Pinon Way Gilbert, AZ 2
    • 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.84
    •  
  • 4225 E Towne Lane Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1991
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 4208 E Stanford Avenue Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1992
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.93
    •  
  • 4357 E Vaughn Avenue Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 3917 E Stanford Avenue Gilbert, AZ 5
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
PROPERTY LISTING DETAILS
Maryann M Alonso
Re/max Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154531
Last Updated: 11/02/2020
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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