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4894 S Wade Drive Gilbert, AZ 85298

3 Beds 3 Baths 2,206 sqft Built 2015

$549,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $249.27
  • 2 Days on Market
  • MLS # : 6212667
  • Updated Date : 03/27/2021 at 06:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,206 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Amazing home in pristine condition located in the highly sought after Bridges at Gilbert. This 3 bedroom 3 full bath homes features a split floorplan which includes a full 1 bedroom guest house with a separate entrance outside. Both include granite countertops, SS appliances, wood tile flooring and the guest house includes it's own stackable washer/dryer. Backyard is great for relaxing or it is ready and wired to add a hot tub. The highly desirable community of The Bridges offers culture, connection, and beautiful amenities. Gorgeous waterfall entrances, green spaces, miles of walking trails and paths, play areas, splash pads, and more - all in your own backyard. Easy access to Freeways, close to schools, shopping, restaurants and many more features you will love. Don't miss out on this!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bridges at Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k424k

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

Neighborhood: Bridges at Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10362234

* 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
 

$494,910$604,890$549,900

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,910
Property Tax -$356
Property Insurance -$70
HOA -$33
Property Management Fees -$99
CASH FLOW
-$428

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.

$549,900

PROJECTED PRICE

$2,040

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 12.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,107

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8253$2,0004$2,0405$2,550
$2,550
RENT COMPS ANALYSIS
  • 4894 S Wade Drive Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,206 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,206 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.92
    •  
  • 3697 E Sundance Avenue Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2003
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 4027 E Marshall Avenue Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.88
    •  
  • 3962 E Ironhorse Road Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2002
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 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
Cindy Valadez
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212667
Last Updated: 03/27/2021
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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