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6359 S Legend Court Gilbert, AZ 85298

5 Beds 3 Baths 2,943 sqft Built 2004

$460,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $156.30
  • 4 Days on Market
  • MLS # : 6172476
  • Updated Date : 12/18/2020 at 10:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,943 sqft
  • Baths : 3 full
Listing Agent

American Allstar Realty

Listing Agent's Description

Wonderful 2 story, 5 bed, 3 bath home located in the highly sought after community of Seville! This inviting home opens up to a living/dining room, then into the open family room and large kitchen with high top breakfast bar and bay window for eat-in kitchen table. Full size bathroom & bedroom downstairs. Upstairs master bedroom and bath with a large walk-in closet, private toilet room, dual sinks, separate tub and shower. 3 additional upstairs bedrooms and a large loft. Extended covered back patio with a grassy private backyard and plenty of room for entertaining family & friends. Cozy front patio. Also additional paved parking on side of driveway which leads to large RV gate. Newer built-in appliances, water heater, water softener, R/O all in 2018. Wonderful home awaiting its new owners!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Seville

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k388k

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

Neighborhood: Seville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362109

* 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
Auxier Elementary School Primary Regular NA
Casteel High School Middle Regular NA
Casteel High School High Regular NA

Auxier Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Casteel High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Casteel High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,697
Property Tax -$321
Property Insurance -$85
HOA -$12
Property Management Fees -$99
CASH FLOW
$286

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.

$460,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.54%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$62,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,708

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5954$2,7245$3,200
$3,200
RENT COMPS ANALYSIS
  • 6359 S Legend Court Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,943 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,943 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 4129 E Clubview Drive Gilbert, AZ 1
    • 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 3160 E Muirfield Street Gilbert, AZ 3
    • 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2004
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.85
    •  
  • 3386 E Tiffany Court Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,724
    • $0.92
    •  
  • 3522 E Tiffany Way Gilbert, AZ 5
    • 4 beds 3 baths ∙ 3,095 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,095 Sqft ∙ Built 2016
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.03
    •  
PROPERTY LISTING DETAILS
Penny E. Seahorn
American Allstar Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172476
Last Updated: 12/18/2020
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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