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

413 N Pheasant Court Gilbert, AZ 85234

5 Beds 3 Baths 3,390 sqft Built 2002

$589,900

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $174.01
  • 3 Days on Market
  • MLS # : 6178745
  • Updated Date : 01/10/2021 at 03:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,390 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Location! Location! Spectacular Private,1/3 acre lot home on a CORNER, CUL DE SAC, in the heart of Gilbert. 5 bedrooms PLUS DEN, loft, and 3 full baths. Spacious and fully REMODELED throughout. Kitchen features white cabinets, granite countertops, double ovens, and w/in pantry. Split master bedroom with w/in closet and private ensuite featuring double sinks, new finishes, w/in tiled shower and stand alone double slipper tub. 5th bedroom and full bath on main floor perfect for a guest room and custom built den for home schooling and/or office. Enjoy the privacy of no neighbors to the east or south sides with one of the largest lots in the neighborhood. Lots of space to put in your dream pool. Home also features plantation shutters throughout, vaulted ceiling, ceiling fans, & newer ACs

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Collene

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k524k

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

Neighborhood: Rancho Collene

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10362508

* 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
 

$530,910$648,890$589,900

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,049
Property Tax -$350
Property Insurance -$93
HOA -$22
Property Management Fees -$99
CASH FLOW
$67

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.

$589,900

PROJECTED PRICE

$2,680

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$0.0$5.0k$10k$15k$20k$25k

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$162,074

INVESTMENT

$162,074

Down Payment
$147,475
Rehab Estimate
$5,750
Closing Costs
$8,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% 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 $147,475
Loan Amount $442,425
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$39,298

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,424

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,2954$2,6805$2,795
$2,795
RENT COMPS ANALYSIS
  • 413 N Pheasant Court Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,390 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,390 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $0.79
    •  
  • 4335 E Rawhide Street Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,453 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,453 Sqft ∙ Built 2016
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.64
    •  
  • 3916 E Marlene Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,111 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,111 Sqft ∙ Built 2009
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.74
    •  
  • 2545 S Revolta -- Mesa, AZ 3
    • 5 beds 3 baths ∙ 3,372 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,372 Sqft ∙ Built 1996
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.68
    •  
  • 3710 E Palo Verde Street Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,503 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,503 Sqft ∙ Built 2011
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.80
    •  
PROPERTY LISTING DETAILS
Leanne Aspervil
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178745
Last Updated: 01/10/2021
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.

BESbswy