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5117 S Quiet Way Gilbert, AZ 85298

5 Beds 4 Baths 3,223 sqft Built 2014

$949,500

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $294.60
  • 5 Days on Market
  • MLS # : 6185384
  • Updated Date : 01/28/2021 at 21:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,223 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Layton Lakes Resort Style Living features 2 homes within 1 (Main Side: 4BR/2.5BA, Grt Rm, DinRm, & Kitch; Add'l Liv. Qtrs: 1BR/1BA, LivRm, Kitch, & DinRm) This 5BR 3.5BA, Turn Key, energy efficient, & highly upgraded Multi-Gen (Lennar Revelation Model) house includes a chef's kitchen w/ full travertine backsplash & prof SS appliances, rare multizone Cool/Heat (3 in main home side & sep HVAC unit in add'l attached liv quarters), 18' diag set tile, Smart Home Features, Alarm Sys, Surr Snd Wiring In/Out, New Kid/Pet Friendly Carpet, & much more! Situated on a premium lot, just steps from your private community park, this home features a gorgeous oversized pool highlighted by waterfalls, travertine, lighting & well planned landscaping, perfect for in/outdoor living.

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
 

$854,550$1,044,450$949,500

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$3,298
Property Tax -$666
Property Insurance -$90
HOA -$32
Property Management Fees -$99
CASH FLOW
-$1,215

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.

$949,500

PROJECTED PRICE

$2,970

PROJECTED RENT

0.31%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,368

INVESTMENT

$257,368

Down Payment
$237,375
Rehab Estimate
$5,750
Closing Costs
$14,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,298

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,375
Loan Amount $712,125
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$248

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,731

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4503$2,9004$2,9705$3,000
$3,000
RENT COMPS ANALYSIS
  • 5117 S Quiet Way Gilbert, AZ 4
    • 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $0.92
    •  
  • 4598 S Burma Road Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,189 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,189 Sqft ∙ Built 2007
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.75
    •  
  • 1281 E Baranca Road Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.81
    •  
  • 4494 S Cobblestone Street Gilbert, AZ 3
    • 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
Angela D Reese
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185384
Last Updated: 01/28/2021
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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