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4445 E Woodside Way Gilbert, AZ 85297

2 Beds 3 Baths 1,578 sqft Built 2011

$365,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $231.31
  • 2 Days on Market
  • MLS # : 6181766
  • Updated Date : 01/15/2021 at 23:55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,578 sqft
  • Baths : 2 full , 1 half
Listing Agent

Canam Realty Group

Listing Agent's Description

Welcome Home!!! This Gorgeous 2 Bedroom 2.5 Bath home at the Desirable Power Ranch Community is in a Fantastic location. Close to Restaurants, Shopping, Schools, Gateway Airport, and the Trilogy Golf Club. As soon as you step into this home, you can see the Pride of Ownership with all that has been done. This Elegant Kitchen has Stainless Steel Appliances, Beautiful Crown Molding Cabinets, Granite Counter Tops, and a Large Island for extra prep & storage. This Stunning home also offers 2 Master Suites, Upgraded Ceiling Fans, a Wine Rack with Staging area, a 3 Panel Sliding Glass Door that opens up your home to a Gorgeous backyard that includes, Artificial Grass, a Tiled Patio covered by an Awesome Pergola.

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,268
Property Tax -$251
Property Insurance -$58
HOA -$47
Property Management Fees -$99
CASH FLOW
-$72

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.

$365,000

PROJECTED PRICE

$1,650

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,767

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5504$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 4445 E Woodside Way Gilbert, AZ 4
    • 2 beds 3 baths ∙ 1,578 Sqft ∙ Built 2011 2 beds 3 baths ∙ 1,578 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 3750 S Winter Lane #101 Gilbert, AZ 1
    • 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 2013 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 2013
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
  • 4985 S Citrus Court Gilbert, AZ 2
    • 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
  • 3740 E Larson Lane Gilbert, AZ 3
    • 2 beds 2 baths ∙ 1,355 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,355 Sqft ∙ Built 2006
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.14
    •  
  • 5141 S Eucalyptus Drive Gilbert, AZ 5
    • 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181766
Last Updated: 01/15/2021
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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