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412 W Sagebrush Street Gilbert, AZ 85233

5 Beds 3 Baths 2,980 sqft Built 1993

$579,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $194.30
  • 2 Days on Market
  • MLS # : 6176473
  • Updated Date : 01/03/2021 at 01:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,980 sqft
  • Baths : 3 full
Listing Agent

Mco Realty

Listing Agent's Description

Beautiful home with open floor plan and high ceilings is great for entertaining. Floor to ceiling stone fireplace in great room and slider to covered patio. Kitchen offers huge kitchen island with granite countertop, bar seating, prep sink, beverage fridge, stainless steel appliances and slider to the patio. Home has been updated throughout. Wood plank tile throughout the home (no carpet). Large master is located on the main level. Nearly all the windows were replaced with double pain windows. Other updated items include: pool fence, upper level wood tile, pool vacuum, water treatment system, R/O, water heater, and more. Leased Solar system for energy efficient saving.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lago Estancia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Lago Estancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9751981

* 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
Gilbert Elementary School Primary Regular 592 39 6
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6

Gilbert Elementary School

  • Education Level: Primary
  • # of students: 592
  • # of teachers: 39
6
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating
 

$521,100$636,900$579,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,136
Property Tax -$341
Property Insurance -$85
HOA -$71
Property Management Fees -$99
CASH FLOW
-$292

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.

$579,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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$1.8M

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$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$16,156

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,391

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1753$2,2954$2,4005$2,549
$2,549
RENT COMPS ANALYSIS
  • 412 W Sagebrush Street Gilbert, AZ 1
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 425 W Fabens Lane Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2000
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.77
    •  
  • 843 W Rawhide Avenue Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,925 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,925 Sqft ∙ Built 1995
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.78
    •  
  • 825 W Laredo Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 3,171 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,171 Sqft ∙ Built 1998
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 434 W Orchard Way Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 1999
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,549
    • $0.90
    •  
PROPERTY LISTING DETAILS
Gary Glunz
Mco Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176473
Last Updated: 01/03/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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