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4541 E Rakestraw Lane Gilbert, AZ 85298

3 Beds 3 Baths 2,551 sqft Built 2006

$465,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $182.28
  • 2 Days on Market
  • MLS # : 6170699
  • Updated Date : 12/12/2020 at 10:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,551 sqft
  • Baths : 3 full
Listing Agent

Homesmart

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
Cortina Elementary School Primary Regular 947 42 10
Cortina Elementary School Middle Regular 947 42 10
Higley High School High Regular 1,596 70 7

Cortina Elementary School

  • Education Level: Primary
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Cortina Elementary School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,716
Property Tax -$330
Property Insurance -$77
HOA -$50
Property Management Fees -$99
CASH FLOW
-$11

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.

$465,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.49%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$30,074

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
  • $2,277

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,8954$2,1505$2,650
$2,650
RENT COMPS ANALYSIS
  • 4541 E Rakestraw Lane Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,551 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,551 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4743 E Jude Court Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,379 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,379 Sqft ∙ Built 2003
    property image
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 4225 E Buckboard Road Gilbert, AZ 3
    • 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2000
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 4292 E Marshall Avenue Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2002
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
  • 3567 E Chestnut Lane Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,713 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,713 Sqft ∙ Built 2014
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.98
    •  
PROPERTY LISTING DETAILS
Terri Roye Duhart
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170699
Last Updated: 12/12/2020
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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