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

721 N Pheasant Drive Gilbert, AZ 85234

5 Beds 3 Baths 3,115 sqft Built 1999

$525,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $168.54
  • 3 Days on Market
  • MLS # : 6170526
  • Updated Date : 12/11/2020 at 17:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,115 sqft
  • Baths : 3 full
Listing Agent

Shadow Hawk Realty, Llc

Listing Agent's Description

Come see this beautiful 5 bedroom, 3 bath house located in Gilbert! House has been updated with new granite countertops and new cabinets. Flooring has been updated with ''wood'' tile and tall baseboards. Crown molding throughout downstairs family room and kitchen.Downstairs is the 5th bedroom which can be an office, den or play room!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Superstition Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k475k

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

Neighborhood: Superstition Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10362380

* 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
Towne Meadows Elementary School Primary Regular 634 33 9
Towne Meadows Elementary School Middle Regular 634 33 9
Highland High School High Regular 3,065 123 8

Towne Meadows Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 33
9
GreatSchools Rating

Towne Meadows Elementary School

  • Education Level: Middle
  • # of students: 634
  • # of teachers: 33
9
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,937
Property Tax -$311
Property Insurance -$88
HOA -$68
Property Management Fees -$99
CASH FLOW
-$53

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.

$525,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$30,895

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,227

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,2953$2,3004$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 721 N Pheasant Drive Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.79
    •  
  • 3916 E Marlene Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 3,111 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,111 Sqft ∙ Built 2009
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.74
    •  
  • 2545 S Revolta -- Mesa, AZ 2
    • 5 beds 3 baths ∙ 3,372 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,372 Sqft ∙ Built 1996
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.68
    •  
  • 4632 E Harwell Street Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,275 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,275 Sqft ∙ Built 1994
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.70
    •  
  • 3525 E Gary Way Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 2007
    property image
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
PROPERTY LISTING DETAILS
Bradley Mortensen
Shadow Hawk Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170526
Last Updated: 12/11/2020
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