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4278 E Cassia Lane Gilbert, AZ 85298

3 Beds 2 Baths 2,000 sqft Built 2001

$527,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $263.50
  • 2 Days on Market
  • MLS # : 6197041
  • Updated Date : 02/26/2021 at 23:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,000 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Juniper Model: 3-bedroom 2-bath/new roof 2016/AC 2016/both bathroom remodel 2013/ kitchen has 42 inch cabinet/granite counter This home is set a on a corner lot with privacy fence around. Beautiful landscape backyard with shrubs and fruit trees. This is a must see home!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meadowbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k353k

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

Neighborhood: Meadowbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9701866

* 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
 

$474,300$579,700$527,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,830
Property Tax -$362
Property Insurance -$66
HOA -$51
Property Management Fees -$99
CASH FLOW
-$539

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$527,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,405

INVESTMENT

$145,405

Down Payment
$131,750
Rehab Estimate
$5,750
Closing Costs
$7,905

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,750
Loan Amount $395,250
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,890

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8253$1,8704$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 4278 E Cassia Lane Gilbert, AZ 3
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.94
    •  
  • 4544 S Maverick Court Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 4027 E Marshall Avenue Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.88
    •  
  • 3962 E Ironhorse Road Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2002
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 4281 E Marshall Avenue Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
PROPERTY LISTING DETAILS
Richard Johnson
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197041
Last Updated: 02/26/2021
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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