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4735 S Rim Road Gilbert, AZ 85297

4 Beds 3 Baths 2,870 sqft Built 2002

$550,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $191.64
  • 10 Days on Market
  • MLS # : 6166373
  • Updated Date : 12/07/2020 at 17:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,870 sqft
  • Baths : 3 full
Listing Agent

Power Realty Services

Listing Agent's Description

Beautiful single level 4 bedroom, 3 bathroom and 3.5 car garage. Highly upgraded stone flooring, Granite countertops throughout, shutters and newer AC units. The relaxed living & dining rm features stacked faux stone over the fireplace. Large Master bedroom has a large walk-in closet. Generous master bathroom with large soaking tub and The separate shower. Formal living and Dining have been turned into a game room. Large backyard features a stone pavers and gazebo. RV gate with slab cement parking. Huge 3.5 car garage

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
Power Ranch Elementary School Primary Regular 713 34 10
Power Ranch Elementary School Middle Regular 713 34 10
Higley High School High Regular 1,596 70 7

Power Ranch Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 34
10
GreatSchools Rating

Power Ranch Elementary School

  • Education Level: Middle
  • # of students: 713
  • # of teachers: 34
10
GreatSchools Rating

Higley High School

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

$495,000$605,000$550,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$2,029
Property Tax -$378
Property Insurance -$83
HOA -$29
Property Management Fees -$99
CASH FLOW
-$348

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.

$550,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.41%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,332

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,2253$2,2704$2,3505$2,750
$2,750
RENT COMPS ANALYSIS
  • 4735 S Rim Road Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.79
    •  
  • 3741 E Esplanade Avenue Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2002
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.75
    •  
  • 4140 E Sidewinder Court Gilbert, AZ 2
    • 5 beds 4 baths ∙ 2,744 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,744 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.81
    •  
  • 3789 E Fruitvale Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 3,070 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,070 Sqft ∙ Built 2003
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.77
    •  
  • 18567 E Cattle Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 2004
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.92
    •  
PROPERTY LISTING DETAILS
Janie Westergard
Power Realty Services
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166373
Last Updated: 12/07/2020
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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