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5455 S Sandstone Street Gilbert, AZ 85298

5 Beds 3 Baths 3,562 sqft Built 2007

$615,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $172.66
  • 3 Days on Market
  • MLS # : 6193123
  • Updated Date : 02/13/2021 at 21:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,562 sqft
  • Baths : 3 full
Listing Agent

Sage Valley Properties

Listing Agent's Description

Incredible Find! Original Owner Has Meticulously Maintained All 3,562sf And Property. Fresh Paint Inside & Out, 5 Bedrooms, 3 Full Baths, 3-Car Garage w/ One Side Entry, Basketball Hoop at Driveway, Pebble-Tec Pool & Putting Green! The Private Gated Courtyard, 8' Front Door, And Ring Doorbell Welcome You into This Beauty. Repose Gray Paint Adorn the Walls Throughout, Shutters Downstairs, Brick-Lay 24'' Tile in All Traffic Areas, Formal Living & Dining Space, Gorgeous White Mission-Rail Staircase at Entry, One Bedroom and Full Bath 3 Downstairs. All Baths Feature Bull-Nosed Culture Marble. Huge Laundry Room w/ Upper & Lower Cabinetry & Counter Space Is Also Down. Gourmet Kitchen, Tucked Away from The Front Door and Features...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Felty Farms

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k422k

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

Neighborhood: Felty Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362125

* 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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,136
Property Tax -$430
Property Insurance -$97
HOA -$70
Property Management Fees -$99
CASH FLOW
-$82

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.

$615,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.8%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$26,769

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
  • $2,965

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8253$2,9954$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 5455 S Sandstone Street Gilbert, AZ 1
    • 5 beds 3 baths ∙ 3,562 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,562 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4451 S Granite Drive Chandler, AZ 2
    • 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2010
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,825
    • $0.82
    •  
  • 3932 E San Carlos Place Chandler, AZ 3
    • 5 beds 3 baths ∙ 3,868 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,868 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.77
    •  
  • 4464 S Cobblestone Street Gilbert, AZ 4
    • 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
    •  
  • 4610 S Birch Street Chandler, AZ 5
    • 5 beds 4 baths ∙ 3,827 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,827 Sqft ∙ Built 2012
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.84
    •  
PROPERTY LISTING DETAILS
Elizabeth M. Martin
Sage Valley Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193123
Last Updated: 02/13/2021
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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