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4755 S Southwind Drive Gilbert, AZ 85297

4 Beds 3 Baths 3,425 sqft Built 2009

$635,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $185.40
  • 3 Days on Market
  • MLS # : 6188897
  • Updated Date : 02/05/2021 at 16:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,425 sqft
  • Baths : 3 full
Listing Agent

Platinum Desert Realty

Listing Agent's Description

Well maintained 4 bedroom, 3 bath, plus den, loft, large bonus room, sparkling play pool, and a 3 car garage. HUGE private backyard with no neighbors behind...add a sport court, put in a putting green, so many possibilities for this 15,556 sf lot! Custom barn door in master and custom shiplap in the family room. Save money on your utility bills with solar, pre-paid for 12 years!!! Downstairs den could easily be converted to a 5th bedroom by adding a closet. Granite countertops, stainless steel appliances, large pantry and eat in kitchen and bar. Located in the highly desirable Layton Lakes community w/ walking trail access adjacent to home, close to freeway access, shopping, restaurants and all that Layton Lakes and Gilbert has to offer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Layton Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k436k

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

Neighborhood: Layton Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362158

* 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
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

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

$571,500$698,500$635,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,206
Property Tax -$445
Property Insurance -$94
HOA -$32
Property Management Fees -$99
CASH FLOW
-$156

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.

$635,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,206

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$23,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $3,005

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,720
1$2,7202$2,8003$2,8994$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 4755 S Southwind Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 3,425 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,425 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.79
    •  
  • 4246 S Summit Street Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.85
    •  
  • 1448 E Birdland Drive Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,511 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,511 Sqft ∙ Built 2005
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,899
    • $0.83
    •  
  • 4494 S Cobblestone Street Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,112 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,112 Sqft ∙ Built 2005
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.93
    •  
  • 4464 S Cobblestone Street Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,321 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,321 Sqft ∙ Built 2005
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kara Gray
Platinum Desert Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188897
Last Updated: 02/05/2021
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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