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6730 S Rachael Way Gilbert, AZ 85298

4 Beds 3 Baths 2,740 sqft Built 2007

$625,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $228.10
  • 3 Days on Market
  • MLS # : 6182675
  • Updated Date : 01/22/2021 at 16:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,740 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Appealing home in highly desired Seville Subdivision. Relaxing and inviting fountain you enter into the front courtyard. Backyard oasis includes Shasta Pebble-tech pool/spa with water feature, citrus trees (lemon, lime, grapefruit and fig), built in SS BBQ. Upgraded gourmet kitchen with staggered cabinets, granite counter tops, Gas cooktop & oven. Stunning MBRM with garden tub, H/H shower & walk in closets. Premium N/S facing lot, abuts park/greenbelt. Painted inside & out, new roof all completed in 2019.

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
Riggs Elementary School Primary Regular 1,024 50 10
Riggs Elementary School Middle Regular 1,024 50 10
Casteel High School High Regular NA

Riggs Elementary School

  • Education Level: Primary
  • # of students: 1,024
  • # of teachers: 50
10
GreatSchools Rating

Riggs Elementary School

  • Education Level: Middle
  • # of students: 1,024
  • # of teachers: 50
10
GreatSchools Rating

Casteel High School

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

$562,500$687,500$625,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,171
Property Tax -$436
Property Insurance -$81
HOA -$6
Property Management Fees -$99
CASH FLOW
-$323

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.

$625,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.40%

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$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$12,701

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,459

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3953$2,4704$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 6730 S Rachael Way Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.90
    •  
  • 6933 S View Lane Gilbert, AZ 1
    • 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.85
    •  
  • 2900 E Killarney Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2016
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.90
    •  
  • 4129 E Clubview Drive Gilbert, AZ 4
    • 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 6479 S Tucana Lane Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,645 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,645 Sqft ∙ Built 2012
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
PROPERTY LISTING DETAILS
Penny Lambert
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182675
Last Updated: 01/22/2021
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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