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1276 N Constellation Court Gilbert, AZ 85234

5 Beds 3 Baths 3,106 sqft Built 2000

$924,999

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $297.81
  • 2 Days on Market
  • MLS # : 6210051
  • Updated Date : 03/20/2021 at 22:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,106 sqft
  • Baths : 3 full
Listing Agent

Crossroads Brokerage

Listing Agent's Description

This gem is a is private north/south facing home on approximately one-acre. Move-in ready w/ new paint inside and out, New granite countertops, tons of upgrades, stainless steel appliances, huge family room, remodeled walk-in master shower with jacuzzi tub, huge master closet, gorgeous wood beams, remodeled gas fireplace w/ hardwood mantle, walk-in shower, beautifully landscaped, ~1800 square foot travertine back patio, Hot Tub for relaxing. New travertine entry and front patio, sport court, two new AC units, 1.5 year old roof (25 year guarantee), new garage doors and openers, keypad entry, huge pantry IP camera security system, flood irrigation, sprinkler/drip irrigation, whole home fan to quickly cool the interior with fresh outside air, reverse osmosis water system, outdoor electrical.

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
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8
Highland Jr High School Middle Unknown NA

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating

Highland Jr High School

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

$832,499$1,017,499$924,999

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$3,213
Property Tax -$549
Property Insurance -$88
Property Management Fees -$99
CASH FLOW
-$1,168

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.

$924,999

PROJECTED PRICE

$2,780

PROJECTED RENT

0.30%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,213

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $231,250
Loan Amount $693,749
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$354

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,028

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3503$2,6004$3,0005$3,800
$3,800
RENT COMPS ANALYSIS
  • 1276 N Constellation Court Gilbert, AZ 1
    • 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2262 E Beachcomber Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1992
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
  • 1758 E Marquette Drive Gilbert, AZ 3
    • 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 1996
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.87
    •  
  • 1549 E Catamaran Drive Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1988
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.03
    •  
  • 2027 E Catamaran Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 3,271 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,271 Sqft ∙ Built 1988
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.16
    •  
PROPERTY LISTING DETAILS
Jon T Sherwood
Crossroads Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210051
Last Updated: 03/20/2021
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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