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1150 E Oriole Drive Gilbert, AZ 85297

4 Beds 3 Baths 2,469 sqft Built 2015

$573,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $232.08
  • 4 Days on Market
  • MLS # : 6186816
  • Updated Date : 01/28/2021 at 20:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,469 sqft
  • Baths : 3 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

Built in 2015, this Gilbert one-story home offers a patio, granite countertops, stainless steel appliances, and a three-car garage. This home is vacant and cleaned regularly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361987

* 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
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

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

$515,700$630,300$573,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,990
Property Tax -$414
Property Insurance -$75
HOA -$95
Property Management Fees -$99
CASH FLOW
-$433

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.

$573,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$157,595

INVESTMENT

$157,595

Down Payment
$143,250
Rehab Estimate
$5,750
Closing Costs
$8,595

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,250
Loan Amount $429,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,814

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,463

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,2503$2,3954$2,5005$2,695
$2,695
RENT COMPS ANALYSIS
  • 1150 E Oriole Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.91
    •  
  • 1454 E Hummingbird Way Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,402 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,402 Sqft ∙ Built 2012
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.94
    •  
  • 4240 S Summit Street Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2005
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
  • 1011 E Wimpole Avenue Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2012
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
  • 4222 S Marble Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2005
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.05
    •  
PROPERTY LISTING DETAILS
Lisa A Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186816
Last Updated: 01/28/2021
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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