Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5344 S Marigold Way Gilbert, AZ 85298

3 Beds 2 Baths 1,604 sqft Built 2005

$395,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $246.26
  • 2 Days on Market
  • MLS # : 6160574
  • Updated Date : 11/14/2020 at 07:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,604 sqft
  • Baths : 2 full
Listing Agent

Michaelann Homes

Listing Agent's Description

Desirable Morningstar model in 55+ Active Adult community of Trilogy at Power Ranch. Home features 3 bedrooms, 2 baths & 2 car garage. Kitchen has Granite Counters, upgraded cabinets w/crown molding, breakfast bar & pantry. Open Floor plan allows each person to participate in kitchen, dining area or great room. Interior recently painted in designer colors with wood blinds throughout. Master bedroom has own bath with double sinks & walk-in closet. Split floor plan gives guests privacy in their bedroom with a second bath. Amazing private backyard with built-in BBQ, Travertine Patio, Pergola, covered patio & artificial grass perfect for relaxing or entertaining. Enjoy resort style living while enjoying many clubs, tennis, golf, pools, Pickle Ball, Bocce, and so much more

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Trilogy

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k371k

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

Neighborhood: Trilogy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10011981

* 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,457
Property Tax -$271
Property Insurance -$58
HOA -$50
Property Management Fees -$99
CASH FLOW
-$346

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.

$395,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,463

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
  • $1,600

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4783$1,5954$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 5344 S Marigold Way Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4050 E Narrowleaf Drive Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,478
    • $0.92
    •  
  • 3736 E Simpson Court Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2001
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 4281 E Marshall Avenue Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
  • 3665 E Lodgepole Drive Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 2014
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.10
    •  
PROPERTY LISTING DETAILS
Michaelann Haffner
Michaelann Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160574
Last Updated: 11/14/2020
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.

BESbswy