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1159 E Del Rio Street Gilbert, AZ 85295

4 Beds 2 Baths 1,945 sqft Built 1997

$439,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $226.17
  • 4 Days on Market
  • MLS # : 6165138
  • Updated Date : 11/26/2020 at 15:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,945 sqft
  • Baths : 2 full
Listing Agent

Momentum Brokers Llc

Listing Agent's Description

Great opportunity to own a beautiful single level on a great Gilbert location! This property offers a 2 car garage and a grassy/gravel front yard. You will love the fabulous interior. Large living/dining room w/vaulted ceilings that add to the spacious feel, tile flooring, plantation shutters, and ample family room are some features that can't be left unsaid. The open kitchen is perfect for entertaining, and it's equipped with maple cabinetry, pantry, nice appliances, island w/breakfast bar, and breakfast nook. The master suite has carpet, a walk-in closet, and a lavish ensuite with tiled double sinks, a soaking tub & a step-in shower. The nice size backyard is the perfect spot for hosting fun gatherings. Don't you miss this exceptional home! Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Springtree

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k426k

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

Neighborhood: Springtree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10362066

* 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
Ashland Ranch Elementary School Primary Regular 776 44 7
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8

Ashland Ranch Elementary School

  • Education Level: Primary
  • # of students: 776
  • # of teachers: 44
7
GreatSchools Rating

South Valley Jr. High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 53
9
GreatSchools Rating

Campo Verde High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 86
8
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,623
Property Tax -$259
Property Insurance -$65
HOA -$17
Property Management Fees -$99
CASH FLOW
-$282

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.

$439,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,074

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,892

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$1,7953$1,8954$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 1159 E Del Rio Street Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.92
    •  
  • 1644 E Oakland Street Gilbert, AZ 2
    • 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1998
    LEASED 12/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 1707 E Milky Way Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1998
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
  • 1432 E Oakland Street Gilbert, AZ 4
    • 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 1805 S Morrison Lane Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 1999
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
PROPERTY LISTING DETAILS
Edgar Chavez
Momentum Brokers Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165138
Last Updated: 11/26/2020
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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