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4451 E Moreno Court Gilbert, AZ 85297

4 Beds 2 Baths 1,805 sqft Built 2004

$410,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $227.15
  • 4 Days on Market
  • MLS # : 6193033
  • Updated Date : 02/14/2021 at 03:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,805 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

**POWER RANCH CUL DE SAC LOT NEXT TO PARK***This home boasts 4 bedrooms, 2 baths, Master has walk in closet, garden tub and separate shower. Formal living and dining as well as spacious family room and kitchen,pantry,laundry room, private back yard, and covered back patio,fresh paint!! A great opportunity to get into this Awesome subdivision. Community heated pools, spas, clubhouse, tennis, playgrounds, biking and walking trails. Minutes from freeways, great schools, shopping and restaurants.

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
 

$369,000$451,000$410,000

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 -$1,424
Property Tax -$282
Property Insurance -$62
HOA -$29
Property Management Fees -$99
CASH FLOW
-$196

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.

$410,000

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$9,205

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
  • $1,791

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7954$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 4451 E Moreno Court Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4100 S Vineyard Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2004
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 4223 E Santa Fe Lane Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 2006
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
  • 3938 S Vineyard Court Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2011
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
  • 4323 S Fireside Trail Gilbert, AZ 5
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2004
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
PROPERTY LISTING DETAILS
Dave Rutter
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193033
Last Updated: 02/14/2021
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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