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4395 S Maverick Avenue Gilbert, AZ 85297

3 Beds 3 Baths 1,724 sqft Built 2000

$415,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $240.72
  • 2 Days on Market
  • MLS # : 6194110
  • Updated Date : 02/13/2021 at 22:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,724 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

BEAUTIFUL UPGRADED Power Ranch home. NEW SS APPLIANCES 2021 including 5 burner gas range, microwave & dishwasher. Lots of cabinets & NEW QUARTZ COUNTERS in 2021. Kitchen is open to the family room with eating bar. Attractive TWO WAY STACKED STONE fireplace in living room & family room. SPACIOUS MASTER SUITE w/walk-in closet. Updated Baths including Quartz Counter & new mirror in powder bath, new vanity & mirror in hall bath, new toilets all baths. NEW INTERIOR PAINT IN 2021. Main level all tile flooring, tile flooring in baths & laundry. Covered patio with artificial turf in backyard and FENCED PLAY POOL. ENJOY all Power Ranch Amenities including community pool, tennis, playgrounds throughout, catch & release fishing, walking paths, near great schools, shopping, & dining!

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
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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,441
Property Tax -$285
Property Insurance -$61
HOA -$29
Property Management Fees -$99
CASH FLOW
-$215

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.

$415,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.41%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,431

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
  • $1,698

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,7004$1,7505$1,785
$1,785
RENT COMPS ANALYSIS
  • 4395 S Maverick Avenue Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4102 E Rustler Way Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2002
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 4008 E Ironhorse Road Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2002
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 4021 E Timberline Road Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2002
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
  • 4377 S Rim Court Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.04
    •  
PROPERTY LISTING DETAILS
Debra H Lee
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194110
Last Updated: 02/13/2021
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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