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4982 S Girard Street Gilbert, AZ 85298

5 Beds 4 Baths 3,456 sqft Built 2015

$535,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $154.80
  • 6 Days on Market
  • MLS # : 6166172
  • Updated Date : 12/02/2020 at 17:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,456 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

***NOT available to show until the Open House on December 6, 2020 from 11am - 2pm****Welcome to the highly desirable community, The Bridges!! This open concept design with beautiful finishes will be perfect for entertaining. The kitchen features staggered and extended cabinets and beautifully unique granite countertops. The master suite features an extended dual vanity area and large walk in closet. All of the rooms have large windows that fill the space with natural light. This home is within walking distance to a neighborhood park and elementary school. The Bridges is just across the street from the new Gilbert Regional Park that is 25 acres of family fun and entertainment with splash pads, sports courts and playgrounds to name a few of the amenities. This home is a must see!!!

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
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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,974
Property Tax -$346
Property Insurance -$95
HOA -$100
Property Management Fees -$99
CASH FLOW
-$154

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.

$535,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.46%

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-$5.0k$0.0$5.0k$10k$15k$20k

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$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$22,219

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
  • $2,635

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,6504$2,6955$3,150
$3,150
RENT COMPS ANALYSIS
  • 4982 S Girard Street Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,456 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,456 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4471 S Franks Place Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,593 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,593 Sqft ∙ Built 2001
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.69
    •  
  • 4458 S Inez Court Gilbert, AZ 3
    • 5 beds 4 baths ∙ 3,566 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,566 Sqft ∙ Built 2003
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.74
    •  
  • 3723 E Latham Court Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2002
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.71
    •  
  • 3690 E Alfalfa Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 3,465 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,465 Sqft ∙ Built 2015
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.91
    •  
PROPERTY LISTING DETAILS
Dina M Smith
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166172
Last Updated: 12/02/2020
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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