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4226 E Maplewood Court Gilbert, AZ 85297

4 Beds 4 Baths 3,232 sqft Built 2005

$644,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $199.26
  • 4 Days on Market
  • MLS # : 6178060
  • Updated Date : 01/07/2021 at 19:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,232 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This luxurious 4 bedroom, 3.5 bathroom home has a stunning kitchen that is a chef's dream! Step inside and experience a warm atmosphere provided by the open layout, vaulted ceilings, and gorgeous flooring. The kitchen features double ovens, granite countertops, and a large island which means plenty of counter space. After a long day, retire to the primary bedroom suite which includes a private bathroom with a soaking tub, and a walk-in closet. The backyard is your personal oasis with a shimmering private pool and spa. If you're looking to get outside, the Toka Sticks Golf Club is just 10 minutes to the north, and Trilogy Golf Club at Power Ranch is just 10 minutes to the south!

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
 

$579,600$708,400$644,000

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$2,237
Property Tax -$442
Property Insurance -$90
HOA -$28
Property Management Fees -$99
CASH FLOW
$254

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.

$644,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.49%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$176,410

INVESTMENT

$176,410

Down Payment
$161,000
Rehab Estimate
$5,750
Closing Costs
$9,660

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,237

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $161,000
Loan Amount $483,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$59,410

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
  • $2,537

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3503$2,3504$2,4955$2,800
$2,800
RENT COMPS ANALYSIS
  • 4226 E Maplewood Court Gilbert, AZ 1
    • 4 beds 4 baths ∙ 3,232 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,232 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18495 E Lark Drive Queen Creek, AZ 2
    • 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 2003
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.73
    •  
  • 3789 E Fruitvale Avenue Gilbert, AZ 3
    • 4 beds 3 baths ∙ 3,070 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,070 Sqft ∙ Built 2003
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.77
    •  
  • 3938 E Remington Drive Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,121 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,121 Sqft ∙ Built 2001
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.80
    •  
  • 4562 S Star Canyon Drive Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,353 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,353 Sqft ∙ Built 2003
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.84
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178060
Last Updated: 01/07/2021
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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