Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4666 E Redfield Road Gilbert, AZ 85234

3 Beds 3 Baths 1,560 sqft Built 2005

$305,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $195.51
  • 3 Days on Market
  • MLS # : 6192434
  • Updated Date : 02/12/2021 at 22:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Fantastic location! This 3 bed, 3 bath residence boasts a beautiful facade with stone veneer accents, low maintenance landscaping, and 2 garage parking spaces. Inside you will find formal dining and living areas with designer paint throughout, as well as a charming kitchen equipped with ample cabinetry, recessed lighting, and all the matching appliances you'll need for home cooking. You'll love the gorgeous master bedroom, which includes a spacious closet and a private bath with dual vanity, ideal for you and your significant other! Also including a cozy balcony, as well as a backyard patio. Community pool, children play area, lots of walk ways and green areas. Bus Stop at Power/Guad. This home is close to shopping, schools, golf courses, hospitals, restaurants.

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
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8
Highland Jr High School Middle Unknown NA

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Highland High School

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

Highland Jr High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,059
Property Tax -$181
Property Insurance -$58
HOA -$80
Property Management Fees -$99
CASH FLOW
$123

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.

$305,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$29,055

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,763

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6003$1,6004$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 4666 E Redfield Road Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
  • 4756 E Laurel Avenue Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
  • 4570 E Olive Court Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 4721 E Laurel Avenue Gilbert, AZ 4
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 2006
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.18
    •  
  • 4718 E Redfield Road Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,573 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,573 Sqft ∙ Built 2007
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.14
    •  
PROPERTY LISTING DETAILS
Shawna Jones
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192434
Last Updated: 02/12/2021
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.

BESbswy