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1300 S Bridgegate Drive Gilbert, AZ 85296

4 Beds 3 Baths 2,430 sqft Built 2003

$372,500

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $153.29
  • 3 Days on Market
  • MLS # : 6176207
  • Updated Date : 01/01/2021 at 20:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,430 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful fresh interior paint corner lot 4bed/ 2.5bath home in the highly seeked Ray Ranch community which offers parks, biking/walking paths. Built with media area loft upstairs, all wood and tile flooring, spacious Master suite with walk-in closet, North/South exposure and huge desert backyard. The cu-de-sac home is conveniently located in low traffic street but walking distance to shopping and dining, couple minutes from Loop 202 freeway, the San Tan Village, Joe's Farm Grill, Chandler-Gilbert Community College, ten minutes from Phoenix-Mesa Gateway airport, and best of all the ASU's Polytechnic Campus\College of Technology is right at the vicinity area. Currently vacant and move in ready, come to see for yourself today before too late.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ray Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k358k

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

Neighborhood: Ray Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9161981

* 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
Gateway Pointe Elementary School Primary Regular 755 36 7
Gateway Pointe Elementary School Middle Regular 755 36 7
Williams Field High School High Regular 1,705 64 7

Gateway Pointe Elementary School

  • Education Level: Primary
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Gateway Pointe Elementary School

  • Education Level: Middle
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$335,250$409,750$372,500

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,374
Property Tax -$254
Property Insurance -$75
HOA -$70
Property Management Fees -$99
CASH FLOW
$128

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.

$372,500

PROJECTED PRICE

$2,000

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,463

INVESTMENT

$104,463

Down Payment
$93,125
Rehab Estimate
$5,750
Closing Costs
$5,588

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,374

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,125
Loan Amount $279,375
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$37,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,999

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9453$1,9954$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1300 S Bridgegate Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 1568 S Hawk Court Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2002
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 3335 E Sheffield Road Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.85
    •  
  • 3508 E Sheffield Road Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 2012
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
  • 3388 E Jasper Drive Gilbert, AZ 4
    • 4 beds 4 baths ∙ 2,487 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,487 Sqft ∙ Built 2006
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
PROPERTY LISTING DETAILS
Cuong Quoc Nguyen
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176207
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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