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1475 N Roanoke Street Gilbert, AZ 85234

5 Beds 3 Baths 2,825 sqft Built 2001

$530,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $187.61
  • 3 Days on Market
  • MLS # : 6210564
  • Updated Date : 03/26/2021 at 15:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,825 sqft
  • Baths : 3 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Honey Stop The Car, This Is It! MOVE in READY, 5 Large Bedrooms, 3 Full Bathrooms built for entertaining guests! Updates & Upgrades include: Resurfaced Heated Pool/Spa and Deck & Patio. Dive rocks. Professional landscaping and low voltage lighting. Professional expanded grill island and firepit for outdoor enjoyment. Custom Pergola out back. Exterior painted in 2019. Kitchen updated and remodeled to bring the WOW Factor! HUGE Breakfast Bar for those morning meals when you're in a rush! Even the Laundry Room was redone! Who does that? These folks did. Crown molding in Family Room. All bathrooms updated and remodeled. Upgraded wood plank tile in all bathrooms and throughout main level. ...click 'More''

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenfield Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k422k

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

Neighborhood: Greenfield Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362183

* 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
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,841
Property Tax -$312
Property Insurance -$82
HOA -$70
Property Management Fees -$99
CASH FLOW
$146

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.

$530,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$42,626

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,670

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,5004$2,5505$2,595
$2,595
RENT COMPS ANALYSIS
  • 1475 N Roanoke Street Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,825 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,825 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.90
    •  
  • 2262 E Beachcomber Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1992
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
  • 3150 E San Angelo Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
  • 2174 E New Bedford Drive Gilbert, AZ 3
    • 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 1988
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 1156 N Fiji Way Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 1991
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.02
    •  
PROPERTY LISTING DETAILS
Corey Poore
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210564
Last Updated: 03/26/2021
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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