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1164 E Boston Street Gilbert, AZ 85295

3 Beds 3 Baths 1,602 sqft Built 2008

$339,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $212.17
  • 3 Days on Market
  • MLS # : 6206679
  • Updated Date : 03/21/2021 at 00:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,602 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful home in the highly sought after Villas at the Spectrum Community! 3 bedroom 2 bath move-in ready! Close to freeway, entertainment, shopping and dining!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villas at the Spectrum

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Villas at the Spectrum

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9291981

* 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
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8
South Valley Jr. High School Middle Unknown NA

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

South Valley Jr. High School

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

$305,910$373,890$339,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,181
Property Tax -$208
Property Insurance -$58
HOA -$31
Property Management Fees -$99
CASH FLOW
$163

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.

$339,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.51%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$33,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,734

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7253$1,7404$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 1164 E Boston Street Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.09
    •  
  • 1211 E Hampton Lane Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 1201 E Hampton Lane Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.08
    •  
  • 1104 E Lowell Avenue Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2004
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
  • 1104 E Lowell Court Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2004
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
PROPERTY LISTING DETAILS
Vlad Voitovski
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206679
Last Updated: 03/21/2021
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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