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4461 E Ficus Way Gilbert, AZ 85298

2 Beds 2 Baths 2,114 sqft Built 2006

$475,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $224.69
  • 4 Days on Market
  • MLS # : 6208946
  • Updated Date : 03/20/2021 at 19:38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,114 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

This beautiful ranch style home located in the guard gated community Trilogy Power Ranch! With astonishing mountain views from the backyard, kitchen, family room, and master bedroom. This home features 2 bedrooms + Den, 1.75 bathrooms, and 2,114 square feet including a MB split floor plan, granite counter tops in the massive kitchen with a large breakfast bar, beautiful built in entertainment center, 10 ft. ceilings, large master bedroom window, a golf cart garage, and a gas fireplace in the family room!! The water softener and water heater are only a year old! The Trilogy Power Ranch Community offers many amenities including an Art Room, Ballroom, Board Conference Room, Bocce Ball Courts, Box Office, Catalina Card Room, Ceramics Room, Clubhouse, Computers in the Library, Continued...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trilogy

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k371k

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

Neighborhood: Trilogy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10011981

* 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,650
Property Tax -$326
Property Insurance -$68
HOA -$50
Property Management Fees -$99
CASH FLOW
-$233

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.

$475,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$10,078

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,998

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8503$1,960
$1,960
RENT COMPS ANALYSIS
  • 4461 E Ficus Way Gilbert, AZ 3
    • 2 beds 2 baths ∙ 2,114 Sqft ∙ Built 2006 2 beds 2 baths ∙ 2,114 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.93
    •  
  • 6827 S St Andrews Way Gilbert, AZ 1
    • 2 beds 3 baths ∙ 2,020 Sqft ∙ Built 2004 2 beds 3 baths ∙ 2,020 Sqft ∙ Built 2004
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 6844 S Pinehurst Drive Gilbert, AZ 2
    • 2 beds 3 baths ∙ 1,764 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,764 Sqft ∙ Built 2004
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.05
    •  
PROPERTY LISTING DETAILS
Jason L Penrose
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208946
Last Updated: 03/20/2021
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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