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4615 E Sundance Avenue Gilbert, AZ 85297

3 Beds 2 Baths 1,458 sqft Built 2005

$360,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $246.91
  • 4 Days on Market
  • MLS # : 6180844
  • Updated Date : 01/14/2021 at 18:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,458 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this updated home in the popular community of Power Ranch! This home has been refreshed with new interior paint and new flooring throughout. The kitchen features new granite countertops, an island for extra prep and storage, and new stainless steel appliances. The primary bedroom has a full ensuite bathroom with dual sinks, separate shower and tub and a walk in closet. The backyard has a covered patio and ramada for outdoor furniture. Power Ranch has multiple pools, a community center, and walking paths. Vacant and ready for viewing, come see!

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
Centennial Elementary School Primary Regular 899 45 9
Centennial Elementary School Middle Regular 899 45 9
Higley High School High Regular 1,596 70 7

Centennial Elementary School

  • Education Level: Primary
  • # of students: 899
  • # of teachers: 45
9
GreatSchools Rating

Centennial Elementary School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 45
9
GreatSchools Rating

Higley High School

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

$324,000$396,000$360,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,250
Property Tax -$247
Property Insurance -$56
HOA -$28
Property Management Fees -$99
CASH FLOW
-$110

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.

$360,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.44%

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-$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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,770

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
  • $1,582

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5453$1,5994$1,6005$1,795
$1,795
RENT COMPS ANALYSIS
  • 4615 E Sundance Avenue Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4705 E Red Oak Lane #102 Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,368 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,368 Sqft ∙ Built 2013
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.13
    •  
  • 4051 S Vineyard Avenue Gilbert, AZ 3
    • 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
    •  
  • 3882 S Winter Lane Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2007
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 18628 E Kingbird Drive Queen Creek, AZ 5
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2004
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180844
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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