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4225 E Los Altos Road Gilbert, AZ 85297

3 Beds 3 Baths 2,876 sqft Built 2005

$579,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $201.32
  • 2 Days on Market
  • MLS # : 6157569
  • Updated Date : 11/06/2020 at 21:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,876 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Plenty of room in the backyard for a pool. TW Lewis Semi-Custom Power Ranch-Master Planned Community Home. If you need a quiet home office, this is the house for you. The Gourmet Kitchen has ample pull-out storage cabinets. Many upgrades: Bamboo floors, Crown Molding, Plantation Shutters, Surround Sound, 12 ft sliding doors leading to Patio, Firepit, BBQ, Putting Green and SPA. The HOA includes pools, club house, fishing ponds, volley ball, soccer, tennis courts, basketball courts, and 26 miles of hiking and biking trails...Plus activities at The Barn and Clubhouse. The office can be converted into a 4th bedroom. Don't let this one slip by you.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Power Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Power Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9591981

* 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
Centennial Elementary School Primary Regular 899 45 9
Centennial Elementary School Middle Regular 899 45 9
Higley High School High Regular 1,596 70 7

Centennial Elementary School

  • Education Level: Primary
  • # of students: 899
  • # of teachers: 45
9
GreatSchools Rating

Centennial Elementary School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 45
9
GreatSchools Rating

Higley High School

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

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

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$2,136
Property Tax -$398
Property Insurance -$83
HOA -$28
Property Management Fees -$99
CASH FLOW
-$604

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

$2,140

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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-$10k-$5.0k$0.0$5.0k$10k

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 65% 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

0.83

YEARS SAVED

$2,304

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
  • $2,200

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9753$2,1004$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 4225 E Los Altos Road Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,876 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,876 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3746 S Star Canyon Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2006
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.69
    •  
  • 4427 E Maplewood Street Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2006
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.73
    •  
  • 4263 E Maplewood Court Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
  • 3924 S Moccasin Trail Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2003
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.83
    •  
PROPERTY LISTING DETAILS
D. Elizabeth Vincent
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157569
Last Updated: 11/06/2020
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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