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

6954 S Tucana Lane Gilbert, AZ 85298

5 Beds 3 Baths 3,266 sqft Built 2004

$470,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $143.91
  • 5 Days on Market
  • MLS # : 6154035
  • Updated Date : 10/30/2020 at 13:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,266 sqft
  • Baths : 2 full , 1 half
Listing Agent

Maclay Real Estate

Listing Agent's Description

5 bed, 2.5 bath property for rent in Gilbert's beautiful Country Shadows neighborhood! Beautiful Pool and backyard here! This house has a 3 car garage with built-in cabinets, an RV gate, a den great for an office, and designer paint throughout. The gourmet kitchen offers ample cabinet space, matching stainless steel appliances, an island, and a lovely breakfast bar. The immaculate master bedroom boasts upgraded his and her sinks, a separate tub and step-in shower, and a spacious walk-in closet. The stunning backyard is comprised of a desert landscaping, covered patio, a refreshing blue pool, and paved seating area perfect for entertaining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k378k

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

Neighborhood: Country Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10362023

* 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
Patterson Elementary School Primary Regular 959 49 9
Patterson Elementary School Middle Regular 959 49 9
Basha High School High Regular 2,646 125 8

Patterson Elementary School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 49
9
GreatSchools Rating

Patterson Elementary School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 49
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$423,000$517,000$470,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,734
Property Tax -$298
Property Insurance -$91
HOA -$12
Property Management Fees -$99
CASH FLOW
$167

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.

$470,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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$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$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$49,893

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,564

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4003$2,4954$2,6505$3,000
$3,000
RENT COMPS ANALYSIS
  • 6954 S Tucana Lane Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,266 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,266 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.73
    •  
  • 2903 E Janelle Way Gilbert, AZ 1
    • 4 beds 4 baths ∙ 3,162 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,162 Sqft ∙ Built 2006
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.76
    •  
  • 2789 E Anika Drive Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,433 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,433 Sqft ∙ Built 2007
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.73
    •  
  • 3296 E Tonto Court Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2007
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.78
    •  
  • 2760 E Courtney Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 3,433 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,433 Sqft ∙ Built 2007
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.87
    •  
PROPERTY LISTING DETAILS
Bradley Maclay
Maclay Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154035
Last Updated: 10/30/2020
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