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1278 E Clifton Avenue Gilbert, AZ 85295

3 Beds 2 Baths 1,357 sqft Built 2003

$319,500

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $235.45
  • 4 Days on Market
  • MLS # : 6199219
  • Updated Date : 02/27/2021 at 14:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,357 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This beautifully maintained 3 bed /2 bath single story home, is located on a premium corner lot, in the highly desired community of Spectrum at Val Vista! The home features an open floor plan, with an eat-in-kitchen, granite countertops, an island and plenty of cabinets. The spacious master has an en-suite with dual vanities, soaking tub and separate shower. The backyard boasts a covered patio and newly installed stamped concrete. Spectrum offers miles of walking/biking trails, greenbelts, basketball, tennis, playgrounds and so much more. Easy access to 202 Freeway, San Tan Mall, Great Restaurants, Shopping, along with everything Gilbert has to offer!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Spectrum at Val Vista

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Spectrum at Val Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9981981

* 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
 

$287,550$351,450$319,500

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,110
Property Tax -$195
Property Insurance -$54
HOA -$31
Property Management Fees -$99
CASH FLOW
-$129

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.

$319,500

PROJECTED PRICE

$1,360

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$90,418

INVESTMENT

$90,418

Down Payment
$79,875
Rehab Estimate
$5,750
Closing Costs
$4,793

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,110

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,875
Loan Amount $239,625
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,753

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
  • $1,452

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4504$1,6505$1,725
$1,725
RENT COMPS ANALYSIS
  • 1278 E Clifton Avenue Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2754 S Sulley Drive #101 Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,330 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,330 Sqft ∙ Built 2008
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 2728 S Sulley Drive #103 Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,345 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,345 Sqft ∙ Built 2009
    property image
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 1211 E Hampton Lane Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 1201 E Hampton Lane Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007
    property image
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.08
    •  
PROPERTY LISTING DETAILS
Sue Plummer
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199219
Last Updated: 02/27/2021
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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