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4532 E Murrieta Road Gilbert, AZ 85297

3 Beds 2 Baths 1,584 sqft Built 2003

$390,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $246.21
  • 2 Days on Market
  • MLS # : 6213178
  • Updated Date : 03/27/2021 at 06:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,584 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Beautiful home in prestigious Power Ranch. Light, bright, open and modern great room floor plan. The kitchen offers both a wrap around breakfast bar and eat-in area. Bay windows in your breakfast nook with incredible light and large space. This split floor plan has a generous sized master bedroom. Master bath suite with separate tub and shower, and walk-in closet. Neutral paint. Beautiful vinyl plank floors. Professionally landscaped backyard with grassy area, extended covered patio, and mature trees and landscape. NEW HVAC. Power Ranch has 2 community pools, 2 clubhouses, schools in community, numerous green belt walking paths. This home is a must see and won't last long!

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
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,355
Property Tax -$268
Property Insurance -$58
HOA -$29
Property Management Fees -$99
CASH FLOW
-$218

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.

$390,000

PROJECTED PRICE

$1,590

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

PROJECTED ANNUAL CASH FLOW

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

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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,675

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,5993$1,7954$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 4532 E Murrieta Road Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.00
    •  
  • 4051 S Vineyard Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2003
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.10
    •  
  • 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
    •  
  • 4671 E Claxton Avenue Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2012
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
  • 3938 S Vineyard Court Gilbert, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Michelle Mazzola
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213178
Last Updated: 03/27/2021
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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