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1081 S Annie Lane Gilbert, AZ 85296

3 Beds 4 Baths 2,015 sqft Built 2014

$369,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $183.57
  • 5 Days on Market
  • MLS # : 6161696
  • Updated Date : 11/18/2020 at 15:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,015 sqft
  • Baths : 3 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

Welcome to Better Homes and Gardens in Gilbert! Absolutely phenomenal, meticulously maintained, highly upgraded 3 bedroom home in CooleyStation. Fully integrated keyless entry w/ video doorbell connected to a Front Point Smart Home Security System, NEST thermostats, customceiling fans, custom fixtures throughout the home! Fully finished garage w/cabinets and epoxy flooring, custom master closets, the list goeson!! TOO MANY upgrades to list here, see attached documents for ALL of it!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cooley Station North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Cooley Station North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9611981

* 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
 

$332,910$406,890$369,900

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 -$1,365
Property Tax -$253
Property Insurance -$66
HOA -$145
Property Management Fees -$99
CASH FLOW
-$128

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.

$369,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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-$5.0k$0.0$5.0k$10k

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,925

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
  • $0.89

    LIST RENT PER SQFT
  • $2,025

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9953$2,0004$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1081 S Annie Lane Gilbert, AZ 1
    • 3 beds 4 baths ∙ 2,015 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,015 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 1085 S Annie Lane Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
  • 3775 E Hans Drive Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 3701 E Hans Drive Gilbert, AZ 4
    • 4 beds 4 baths ∙ 2,075 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,075 Sqft ∙ Built 2014
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
  • 1055 S Annie Lane Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Deborah S Lieberman
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161696
Last Updated: 11/18/2020
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.

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