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$2,000,000

For Sale - Active
3669 E Boot Track Trl, Gilbert, AZ 85296
4 Beds
4 Baths
5,200 Square Feet
0.25 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 1 hour ago
Updated: Sep 14, 2025 at 10:04AM

Investment Summary


Monthly Cash Flow
-$6,427
Cap Rate
1.8%
Cash-on-Cash Return
-16.8%
Debt Coverage Ratio
0.32
Internal Rate of Return (5 years)
-12.2%

Property Description


0.25 Acres Lot
Built in 2022
For Sale - Active
Units n/a

Welcome to Your Forever Home in Morrison Ranch | Gilbert, AZ Step into a life of luxury, comfort, and community in the highly coveted Morrison Ranch, Gilbert's quintessential neighborhood where tree-lined streets, white picket fences, and front porch living create a picture-perfect lifestyle families dream of. Here, you're not just buying a house, you're investing in a way of life. Presenting the Flora by Toll Brothers - A True Masterpiece Finalized in 2023. This stunning, fully upgraded 5,200 sq ft, two-story estate redefines ''move-in ready.'' Boasting 4 bedrooms, 3.5 bathrooms, a spacious loft, a private office, a bonus flex room, wet bar and wine room, and a 3-car garage. Enter Through the Grand Foyer - As you step through the custom keypad entry into the bright, expansive foyer, you're immediately welcomed by soaring ceilings, a polished Sante Fe textured finish (80% smooth, 20% texture), and an effortless flow that sets the tone for the entire residence. Light dances across the timber-inspired Mozukai II Hikari matte porcelain tile floors, creating an atmosphere that's both grounded and sophisticated. Bonus Room | The Ultimate Entertainment Retreat - Off the entry, discover a show-stopping bonus room designed for ultimate entertainment. Outfitted with a multi-screen TV wall and a 7.1 KEF THX surround sound system, it's ready for Sunday football marathons, gaming nights, or blockbuster premieres. Adjacent, the sleek wet bar and wine room boasts every feature imaginable: * Dual-tap Kegerator (CO2 and N2) * Built-in beverage refrigerator and ice maker * 18" dishwasher * Floating glass shelving with bottle and down lighting * 130-bottle illuminated wine rack * Bar sink workstation with filtered water It's not just a room, it's an experience. Elegant Dining Room | Designed for Memories - Across from the bar, the formal dining room invites cozy family dinners and grand holiday feasts, all while connected seamlessly to the heart of the home. Gourmet Kitchen | A Culinary Work of Art - The coastal-inspired kitchen looks straight out of a design magazine, featuring: * Sub-Zero refrigerator and freezer with custom cabinet panels * Regal White Coastal Cabinetry crowned with Golden Champagne knobs * Roll-out shelves and pot & pan drawers for maximum convenience * Artemis Quartzite waterfall countertops * Wolf appliance suite * Grigio Elegante Honed Quartz backsplash * Glass stacked upper cabinets illuminated with embedded lighting, under-cabinet lights, and toe-kick ambient lighting * Touchless faucet with Airswitch button for effortless sink use This kitchen isn't just stunning  it's functional, smart, and built for daily luxury. Living Room | Breathtaking Great Room - Beyond the kitchen, the open-concept great room is an architectural triumph featuring a floor-to-ceiling gas fireplace, 7.1 KEF surround sound, and 40" sliding glass doors that seamlessly merge indoor and outdoor living. Soft natural light pours in during the day, while in the evening, the Oelo permanent outdoor lighting showcases the property's beauty like a custom estate. Outdoor Living | Resort-Style Backyard - Step outside to your entertainer's dream patio. An Irrigreen smart sprinkler system keeps your landscaping lush year-round while the seamless audio and video system extends outdoors for movie nights under the stars or weekend barbecues. Custom outdoor cameras and perimeter lighting make this home as secure as it is stunning. Primary Suite | A Private Sanctuary - Retreat upstairs to your luxurious master suite, complete with private motorized shades and its own 7.1 KEF THX sound system. The spa-like primary bathroom stuns with: * Floating vanity with underlit toe kick lighting * Bianco Carrara honed marble counters * Elegant marble flooring * Polished chrome fixtures throughout A retreat designed for rejuvenation every day. Additional Bedrooms, Loft, and Baths | Comfort for All - Three additional oversized bedrooms, a spacious loft, and two beautifully appointed bathrooms upstairs, each featuring Oceana Quartz counters and luxury finishes, provide space and privacy for every family member. The downstairs powder room features a sleek floating vanity and Brilliant Black Quartzite counter, making even your guests feel pampered. Garage | Built for the Modern Homeowner - The three-car garage is a functional dream, outfitted with: * NewAge Pro Series 14-piece cabinet and workbench set * Overhead storage racks * 160 sq ft Slate Wall system with accessories * Durable epoxy-coated floors Perfect for hobbyists, car enthusiasts, or anyone who craves organized storage. Technology | A Smart Home Like No Other - This home integrates seamlessly into your lifestyle with: * Full-home audio with 78 KEF speakers * Video distribution throughout the home * Motorized shades and curtains (details available upon request) * 7 mounted TVs included * Soft water system with RO filtration at the kitchen and bar sinks * Glass stair railings with weathered wood details for added sophistication Morrison Ranch | The Heart of Gilbert - Imagine tree-lined streets where kids ride their bikes, neighbors greet each other by name, and community events fill the calendar year-round. Morrison Ranch offers: * Expansive green parks and playgrounds * Community lakes and walking trails * Top-rated schools within minutes * A true sense of belonging Here, the white picket fence isn't just a dream, it's your daily reality. Move-In Ready. Model-Home Quality. Unmatched Lifestyle. Homes of this caliber rarely come available  and when they do, they don't last. Every detail has been thought of, every upgrade meticulously installed. This is more than a home, It's Morrison Ranch living at its absolute finest.

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Location


Property Details


Parking

  • Description: Garage
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Morrison Ranch
  • HOA Fee: $399/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 31331076
  • Lot Size: 11050 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2022

Tax Information

  • Annual Tax: $3,353

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
Romando Harrison
ProSmart Realty
(202) 412-4195

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6858292
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$6,427
Cap Rate
1.8%
Cash-on-Cash Return
-16.8%
Debt Coverage Ratio
0.32
Internal Rate of Return (5 years)
-12.2%

Purchase Details

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Purchase price:
$2,000,000
Amount financed:
-$1,600,000
Down payment:
$400,000
Closing costs:
$60,000
Rehab costs:
$0
Initial cash invested:
$460,000
Square feet:
5,200
Cost per square foot:
$385
Monthly rent per square foot:
$0.96

Financing Details

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Loan amount:
$1,600,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$9,465
Property tax:
$279
Insurance:
$350
Private mortgage insurance (PMI):
$0
Monthly payment:
$10,094

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,000 $60,000
Vacancy loss: (6%)
6% -$300 -$3,600
Operating income:
$4,700 $56,400

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$279-$3,353
Insurance: (7%)
7%-$350-$4,200
Property management: (8%)
8%-$400-$4,800
Repairs & maintenance: (5%)
5%-$250-$3,000
Capital expenditures: (5%)
5%-$250-$3,000
HOA fees: (3%)
3%-$133-$1,596
Total operating expenses: (33%)
33%-$1,662-$19,949

Cash Flow


Monthly Yearly
Net operating income:
$3,038 $36,456
Mortgage payments:
-$9,465 -$113,580
Cash flow:
-$6,427 -$77,124