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4323 E Wildhorse Drive E Gilbert, AZ 85297

4 Beds 3 Baths 2,257 sqft Built 2008

$375,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $166.15
  • 3 Days on Market
  • MLS # : 6159891
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,257 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rock Bottom Realty

Listing Agent's Description

Come check out this wonderful home, nestled in a quiet Power Ranch neighborhood. The home is surrounded by 3 parks within walking distance on the lighted paths, the clubhouse to Power Ranch, and a wonderful Elementary School. With 4 bedrooms and a loft, it is sure to have plenty of room for anyone. The backyard was recently updated with a new watering system, fresh sod, and some wonderful new shrubs and trees for a peaceful backyard. Inside, the flooring has been updated with new carpet, and all of the appliances will stay. There is a lot to like in this Power Ranch beauty, so come take a look today!

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,384
Property Tax -$258
Property Insurance -$71
HOA -$80
Property Management Fees -$99
CASH FLOW
$179

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.

$375,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$43,069

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
  • $2,048

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,9504$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 4323 E Wildhorse Drive E Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4489 E Wyatt Way Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2012
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 3485 S Seneca Way Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2011
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 3457 S Swan Drive Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2011
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
  • 4175 E Sandy Way Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2010
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
John J Davis
Rock Bottom Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159891
Last Updated: 11/13/2020
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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