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4200 E Donato Drive Gilbert, AZ 85298

2 Beds 2 Baths 1,703 sqft Built 2005

$500,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $293.60
  • 4 Days on Market
  • MLS # : 6204370
  • Updated Date : 03/13/2021 at 02:04
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

STUNNING 2 bed + den, 2 bath Manzanita model in Trilogy at Power Ranch! Great curb appeal with desert landscaping and courtyard entry with fountain. Popular open floor plan with high ceilings & bright natural light t/o. Kitchen boasts two-tone soft close cabinets, BEAUTIFUL quartz counters, SS appliances, GAS range, island w/ pendant lights, and overlooks the dining nook & great room, perfect for entertaining! Great room features stacked stone fireplace wall with custom cabinets & shelving including dry bar. Split master suite has private backyard exit, plantation shutters, dual vanity, step-in shower, and walk-in closet. Upgrades include Travertine tile in the bathrooms & engineered hardwood in the living spaces, tankless water heater, custom cabinets in the office, laundry room, and hall

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trilogy

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k371k

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

Neighborhood: Trilogy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10011981

* 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
Sossaman Middle School Middle Unknown 901 44 NA
Higley High School High Regular 1,596 70 7

Sossaman Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 44
NA
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,737
Property Tax -$343
Property Insurance -$60
HOA -$51
Property Management Fees -$99
CASH FLOW
-$531

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.

$500,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$963

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,754

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6954$1,7505$1,760
$1,760
RENT COMPS ANALYSIS
  • 4200 E Donato Drive Gilbert, AZ 5
    • 2 beds 2 baths ∙ 1,703 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,703 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.03
    •  
  • 4250 E Blue Spruce Lane Gilbert, AZ 1
    • 2 beds 2 baths ∙ 1,703 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,703 Sqft ∙ Built 2005
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 4576 E Rakestraw Lane Gilbert, AZ 2
    • 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2007
    property image
    LEASED 02/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 4128 E Indigo Street Gilbert, AZ 3
    • 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 5141 S Eucalyptus Drive Gilbert, AZ 4
    • 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
PROPERTY LISTING DETAILS
Kyle J. N. Bates
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204370
Last Updated: 03/13/2021
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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