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4102 E Saraband Way Gilbert, AZ 85298

4 Beds 3 Baths 2,740 sqft Built 2010

$590,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $215.33
  • 3 Days on Market
  • MLS # : 6192198
  • Updated Date : 02/13/2021 at 00:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,740 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

This beautiful 4 bedroom, 3 bath home with a large sitting room off of the Master bedroom is located in the highly sought after Seville neighborhood. Inside you will find an open floor plan with great room and formal dining with designer touches. The gourmet kitchen offers 2 islands, granite countertops, cherry cabinets, wine storage, wall oven, and a GE Monogram refrigerator! Walk into the Master retreat with upgraded flooring, backyard access, and a sitting room that is perfect for an at home office or work out space! Down a separate hall you will find the updated guest bathroom and 3 other spacious bedrooms, one with its own bathroom!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Seville

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k388k

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

Neighborhood: Seville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362109

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$531,000$649,000$590,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,049
Property Tax -$374
Property Insurance -$81
HOA -$12
Property Management Fees -$99
CASH FLOW
-$185

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.

$590,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$19,395

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,445

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,4003$2,4304$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 4102 E Saraband Way Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.89
    •  
  • 6933 S View Lane Gilbert, AZ 1
    • 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.85
    •  
  • 4351 E Vallejo Court Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2004
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
  • 4129 E Clubview Drive Gilbert, AZ 4
    • 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 6692 S Lyon Drive Gilbert, AZ 5
    • 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2013
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
Mary C Pallagi
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192198
Last Updated: 02/13/2021
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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