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4165 E Page Avenue 
Gilbert, AZ
85234
5 Beds 3 Baths 3,291 sqft
Built 2006
INVESTimate
$489,900
List Price
$135,574
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $148.86
- 2 Days on Market
- MLS # : 6122303
- Updated Date : 08/25/2020 at 11:22
CONSTRUCTION
- Beds : 5
- Floor Size : 3,291 sqft
- Baths : 3 full
Listing Agent
Offerpad
Listing Agent's Description
VACANT!! Come see this spacious two story home in popular Morrison Ranch! This home offers fresh interior paint and new carpet. Formal living room off the entry and a family room open to the kitchen/dining room at the back of the home. The kitchen features granite countertops, a large island with breakfast bar, and stainless steel appliances. A den, one bedroom and full bath on the main floor. The primary suite, three additional bedrooms and a full bathroom as well as a large loft and the laundry room located on the second floor. The primary bedroom has an ensuite bathroom with dual sinks, separate shower and tub, and a spacious walk in closet. The backyard has a covered patio, built in BBQ, and artificial grass, great for pets. Close to schools, golf, shopping and dining.
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PRICE & RENT TRENDS
Neighborhood: Highland Groves at Morrison Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Groves at Morrison Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,808 |
| Property Tax | -$303 | |
| Property Insurance | -$91 | |
| HOA | -$112 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$193
|
||
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.
$489,900
PROJECTED PRICE
$2,220
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.54% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$135,574
LOAN DETAILS
$1,808
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $122,475 |
| Loan Amount | $367,425 |
3.42
YEARS SAVED
$16,452
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
-
$2,328
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
4165 E Page Avenue Gilbert, 1
- 5 beds 3 baths ∙ 3,291 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,291 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4100 E Campbell Avenue Gilbert, 2
- 4 beds 3 baths ∙ 3,390 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,390 Sqft ∙ Built 2002
LEASED 04/01/19- Rent
- Rent Per SQFT
- $2,200
- $0.65
-
4335 E Rawhide Street Gilbert, 3
- 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, 4
- 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
-
3710 E Palo Verde Street Gilbert, 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
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122303
Last Updated: 08/25/2020
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.
