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4980 S Peachwood Drive Gilbert, AZ 85298

3 Beds 3 Baths 2,510 sqft Built 2001

$499,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $198.80
  • 3 Days on Market
  • MLS # : 6170368
  • Updated Date : 12/11/2020 at 14:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,510 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

This is a beautiful home! Recently updated home with guest casita has tons of options. It is the largest model with the 3rd bedroom guest casita. The main home has 2 bedrooms and den with built in bookshelves. New wood plank vinyl flooring and plush carpet. Newer interior & exterior paint, including newly painted cabinets, Some new Light fixtures and designer touches throughout. We took out niches and pony walls etc. to open this floorplan up and make it very appealing. Nice backyard with mature fruit trees and newer artificial grass and gravel area. Easy maintenance yard. Newer garage cabinets with tons of storage. Square footage breaks down to main house 2316 sf, guest casita, 226 sq ft = 2542 sq ft. Gorgeous home in a wonderful guard gated/golf community of Trilogy at Power Ranch.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meadowbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k353k

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

Neighborhood: Meadowbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9701866

* 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
Cortina Elementary School Primary Regular 947 42 10
Cortina Elementary School Middle Regular 947 42 10
Higley High School High Regular 1,596 70 7

Cortina Elementary School

  • Education Level: Primary
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Cortina Elementary School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Higley High School

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

$449,100$548,900$499,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,841
Property Tax -$343
Property Insurance -$76
HOA -$47
Property Management Fees -$99
CASH FLOW
-$26

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.

$499,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.5%
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$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$33,734

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
  • $2,385

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$2,1504$2,2955$2,650
$2,650
RENT COMPS ANALYSIS
  • 4980 S Peachwood Drive Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,510 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,510 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4225 E Buckboard Road Gilbert, AZ 2
    • 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2000
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 4292 E Marshall Avenue Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2002
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
  • 19772 S 190th Drive Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2006
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.99
    •  
  • 3567 E Chestnut Lane Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,713 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,713 Sqft ∙ Built 2014
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.98
    •  
PROPERTY LISTING DETAILS
David M Cline
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170368
Last Updated: 12/11/2020
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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