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4237 E Los Altos Road Gilbert, AZ 85297

4 Beds 4 Baths 2,742 sqft Built 2005

$549,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $200.22
  • 5 Days on Market
  • MLS # : 6174194
  • Updated Date : 12/23/2020 at 14:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,742 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Fall in love with this incredible home nestled in the highly desirable Power Ranch!! This property offers a split floor plan with formal dining room, plantation shutters on some windows, great room, tile flooring throughout, 2 master suites, 3.5 baths, and a spacious laundry room including washer, dryer & utility sink. Chef's kitchen showcases pantry, custom staggered cabinets, travertine back-splash, SS appliances, dark granite counters, and center island for prep & breakfast bar. One of the master suites its perfect to be used by the owners, due to it has a full bath boasting his & her sinks, big walk-in closet, step-in shower, and soaking tub. The other master bedroom comes with its own en-suite bath and is perfect for guests. Backyard features covered patio and built-in BBQ. Must see!!

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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,026
Property Tax -$377
Property Insurance -$81
HOA -$26
Property Management Fees -$99
CASH FLOW
-$129

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.

$549,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.45%

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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$26,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,283

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,225
1$2,2252$2,3003$2,3004$2,3505$2,480
$2,480
RENT COMPS ANALYSIS
  • 4237 E Los Altos Road Gilbert, AZ 5
    • 4 beds 4 baths ∙ 2,742 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,742 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.90
    •  
  • 4140 E Sidewinder Court Gilbert, AZ 1
    • 5 beds 4 baths ∙ 2,744 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,744 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.81
    •  
  • 4263 E Maplewood Court Gilbert, AZ 2
    • 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
    •  
  • 3815 E Geronimo Street Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,625 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,625 Sqft ∙ Built 2007
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 3924 S Moccasin Trail Gilbert, AZ 4
    • 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
John Evenson
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174194
Last Updated: 12/23/2020
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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