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460 N Ranger Trail Gilbert, AZ 85234

3 Beds 3 Baths 1,753 sqft Built 2014

INVESTimate

$320,000

List Price

$1,590

$1,431 - $1,749

Rent Est.

$342,816  ( +7.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $182.54
  • 3 Days on Market
  • MLS # : 6121749
  • Updated Date : 08/25/2020 at 12:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,753 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Former model home. Upgraded throughout. Tiled floors downstairs and bathrooms. Stainless kitchen appliances and tiled back splash. Upstairs, three nicely appointed bedrooms and additional nook space. Private landscaped patio and lots of green space in the community. Pool and spa, as well as play area for the kiddos. Solar included to keep those summer air conditioning bills super low. Open House Thursday 8/27 at 4 PM till 6 PMClose to everything and just minutes to the 202 freeway for easy communiting.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Aldea

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $101k337k

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

Neighborhood: La Aldea

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8541866

* 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
Towne Meadows Elementary School Primary Regular 634 33 9
Towne Meadows Elementary School Middle Regular 634 33 9
Highland High School High Regular 3,065 123 8

Towne Meadows Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 33
9
GreatSchools Rating

Towne Meadows Elementary School

  • Education Level: Middle
  • # of students: 634
  • # of teachers: 33
9
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,181
Property Tax -$190
Property Insurance -$61
HOA -$80
Property Management Fees -$99
CASH FLOW
-$21

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$320,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.13%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,962

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
  • $1,586

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4754$1,4955$1,825
$1,825
RENT COMPS ANALYSIS
  • 460 N Ranger Trail Gilbert, 1
    • 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 527 N Ranger Trail Gilbert, 2
    • 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 2014
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 507 N Ranger Trail Gilbert, 3
    • 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 2015
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.84
    •  
  • 429 N Citrus Lane Gilbert, 4
    • 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2005
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 4733 E Olive Avenue Gilbert, 5
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2018
    property image
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.03
    •  
PROPERTY LISTING DETAILS
Sandra Murowchick
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121749
Last Updated: 08/25/2020
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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