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113 W Smoke Tree Road Gilbert, AZ 85233

3 Beds 2 Baths 1,670 sqft Built 1994

$365,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $218.56
  • 4 Days on Market
  • MLS # : 6191953
  • Updated Date : 02/12/2021 at 16:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,670 sqft
  • Baths : 2 full
Listing Agent

Prosmart Realty

Listing Agent's Description

Buy your Valentine a present! Imagine living less than 1 mile from vibrant, trendy, downtown Gilbert where all bordering neighbors are single levels! Tastefully remodeled single level. Stainless appliances, 18'' ceramic in all traffic areas. Master with huge closet & ensuite bath w/double sink, separate tub & shower and linen closet. All faucets, door hardware, towel bars, 4 light fixtures, 4 ceiling fans, 5 laminate floors, interior/exterior paint with accent walls, drip lines and sprinkler heads were replaced in the fall of 2020. Owner is licensed AZ Realtor..

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lago Estancia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Lago Estancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9751981

* 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
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6
Mesquite Jr High School Middle Unknown NA

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,268
Property Tax -$215
Property Insurance -$60
HOA -$71
Property Management Fees -$99
CASH FLOW
-$12

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.

$365,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,070

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,691

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,5954$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 113 W Smoke Tree Road Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 104 E Catclaw Street Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 92 E Catclaw Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 75 E Catclaw Street Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 125 E Catclaw Street Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
PROPERTY LISTING DETAILS
Lawrence S Mann
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191953
Last Updated: 02/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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