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925 S Sabino Drive Gilbert, AZ 85296

4 Beds 3 Baths 1,877 sqft Built 2011

$345,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $183.80
  • 4 Days on Market
  • MLS # : 6179700
  • Updated Date : 01/14/2021 at 22:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,877 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kor Properties

Listing Agent's Description

Amazing opportunity to purchase this 1,877 sf, 4 Bedroom 2.5 Bath home in the sought after community of Copper Ranch. Situated on a prime corner/end lot, this home features a large Great Room & an open Kitchen w/newer appliances (fridge is included). On the first floor you will also find a spacious 4th Bedroom & 1/2 Bath. The low maintenance backyard boasts a nice covered patio, pavers & artificial turf for easy care. Upstairs boasts a great Loft, 2 guest Bedrooms & the Master Suite. Smart Home w/Gen 3 Nest Thermostat, Ring Doorbell, ADT remote deadbolt locks & garage door remote. HVAC has an electro-static air filter & all windows have SunTex advanced sun protection screens for energy efficiency. Don't miss the community Pool & Spa, Playgrounds, Soccer Field & Greenbelts.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Copper Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Copper Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9181981

* 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
Gateway Pointe Elementary School Primary Regular 755 36 7
Gateway Pointe Elementary School Middle Regular 755 36 7
Williams Field High School High Regular 1,705 64 7

Gateway Pointe Elementary School

  • Education Level: Primary
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Gateway Pointe Elementary School

  • Education Level: Middle
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,198
Property Tax -$236
Property Insurance -$64
HOA -$116
Property Management Fees -$99
CASH FLOW
$87

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.

$345,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$25,237

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8003$1,8954$2,0005$2,085
$2,085
RENT COMPS ANALYSIS
  • 925 S Sabino Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 1,877 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,877 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 1128 S Olympic Drive Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2008
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 852 S Pheasant Drive Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2017
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.98
    •  
  • 1055 S Reber Avenue Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2015
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 895 S Pheasant Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 2011
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,085
    • $1.02
    •  
PROPERTY LISTING DETAILS
John Karadsheh
Kor Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179700
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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