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1148 S Lydia Lane Gilbert, AZ 85296

4 Beds 3 Baths 2,437 sqft Built 2010

$440,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $180.55
  • 4 Days on Market
  • MLS # : 6199081
  • Updated Date : 02/25/2021 at 22:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,437 sqft
  • Baths : 3 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

This home has it all, large open floor plan with lots of upgrades, Downstairs master bedroom with an additional downstairs bedroom (currently used as den/w closet). Full secondary bathroom on main floor. Large loft on and bedrooms that have walk in closets. The home has every square foot as usable space. This home has a ton of storage space. Nice landscaped backyard with pavers. Home is near schools, shopping, restaurants and easy access to the 202 freeway.

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
Cooley Middle School Middle Unknown 915 39 NA
Williams Field High School High Regular 1,705 64 7

Cooley Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 39
NA
GreatSchools Rating

Williams Field High School

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

$396,000$484,000$440,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,528
Property Tax -$300
Property Insurance -$75
HOA -$145
Property Management Fees -$99
CASH FLOW
-$127

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.

$440,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.46%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,011

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,8953$2,0204$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 1148 S Lydia Lane Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.83
    •  
  • 957 S Wallrade Lane Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.74
    •  
  • 965 S Wallrade Lane Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 895 S Annie Lane Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2013
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 949 S Wallrade Lane Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2012
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.91
    •  
PROPERTY LISTING DETAILS
Nicole L Williams
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199081
Last Updated: 02/25/2021
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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