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4709 E Narrowleaf Drive Gilbert, AZ 85298

3 Beds 2 Baths 2,114 sqft Built 2006

$465,999

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $220.43
  • 12 Days on Market
  • MLS # : 6201539
  • Updated Date : 03/11/2021 at 23:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,114 sqft
  • Baths : 2 full
Listing Agent

Eden Realty Arizona

Listing Agent's Description

Beautiful 3 bedroom 2 bath home in the highly sought after 55+ adult community of TRILOGY at POWER RANCH! In addition to the full three bedrooms, there is an additional room that can be used as a den, office, or formal dining room. Oversized shower and split sinks in master bathroom, huge walk-in closet and exterior door from Master bedroom to Patio. 2 car garage plus extra space for storage. Original owner, very well maintained home with pride of ownership evidenced throughout home. Trilogy is a premier 55+ golf course community. Amenities include tennis courts, pickle ball, pools, spas, theater and clubhouse for year round active lifestyle. Photos to be uploaded soon

SEE MORE

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
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
 

$419,399$512,599$465,999

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,619
Property Tax -$320
Property Insurance -$68
HOA -$51
Property Management Fees -$99
CASH FLOW
-$7

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.

$465,999

PROJECTED PRICE

$2,150

PROJECTED RENT

0.46%

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$129,240

INVESTMENT

$129,240

Down Payment
$116,500
Rehab Estimate
$5,750
Closing Costs
$6,990

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,619

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,500
Loan Amount $349,499
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$24,946

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
  • $2,384

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,1004$2,1975$2,550
$2,550
RENT COMPS ANALYSIS
  • 4709 E Narrowleaf Drive Gilbert, AZ 1
    • 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3665 E Lodgepole Drive Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 2014
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.10
    •  
  • 5542 S Loback Lane Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2015
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.17
    •  
  • 3836 E Narrowleaf Drive Gilbert, AZ 4
    • 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 2017
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,197
    • $1.13
    •  
  • 3695 E Lodgepole Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2015
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.11
    •  
PROPERTY LISTING DETAILS
Frank M Gonzalez
Eden Realty Arizona
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201539
Last Updated: 03/11/2021
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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