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1451 E Oakland Street Gilbert, AZ 85295

3 Beds 2 Baths 1,384 sqft Built 2000

INVESTimate

$349,900

List Price

$1,360

$1,224 - $1,496

Rent Est.

$366,205  ( +4.66%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $252.82
  • 6 Days on Market
  • MLS # : 6120276
  • Updated Date : 08/24/2020 at 15:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,384 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Lovely home in Ashland Ranch with a HUGE 3 car garage. Stone front elevation on a beautiful street where pride of ownership is evident. This bright and open great room floorplan feel so much larger than it's actual sq. ft! Move in ready with all new carpet and paint! All bedrooms are very spacious with vaulted ceilings, master with bayed window. The private backyard is huge and ready for you to make your own. It's equipped with watering system installed, just needs a little TLC. OR...maybe you dream of a resort backyard with a pool? There's plenty of room, so the possibilities are endless! PLUS, a huge 3 car garage - perfect answer for parking large cars or extra toys. Perfect location, near 202 and loads of shopping, entertainment and dining! Hurry on this one go fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashland Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k414k

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

Neighborhood: Ashland Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362128

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,291
Property Tax -$206
Property Insurance -$54
HOA -$59
Property Management Fees -$99
CASH FLOW
-$349

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.

$349,900

PROJECTED PRICE

$1,360

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.66%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,006

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,377

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,4993$1,5754$1,5755$1,595
$1,595
RENT COMPS ANALYSIS
  • 1451 E Oakland Street Gilbert, 1
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.98
    •  
  • 1901 E Emily Lane Gilbert, 2
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.95
    •  
  • 1975 E Del Rio Street Gilbert, 3
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2004
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.01
    •  
  • 1908 E Ivanhoe Street Gilbert, 4
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2004
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.01
    •  
  • 1968 E Del Rio Street Gilbert, 5
    • 4 beds 3 baths ∙ 1,574 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,574 Sqft ∙ Built 2005
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jason Crittenden
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120276
Last Updated: 08/24/2020
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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