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1476 W Sea Fog Drive Gilbert, AZ 85233

4 Beds 4 Baths 3,427 sqft Built 2015

$669,900

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $195.48
  • 3 Days on Market
  • MLS # : 6159989
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,427 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Stunning Former Model Home is now available in Paradise Cove! This amazing home features a Chef's Dream Kitchen with a HUGE island for serving banquet style for entertaining along with a industrial size stainless steel fridge, gas cooktop, Shaker Style dark wood with stager upper cabinets, very large walk-in pantry with endless shelves, all bathrooms have decorative tile wrapped showers with upgraded vanities, updated light throughout, master bathroom has a HUGE shower with separate soaking tub and spacious walk-in closet. The loft upstairs is the perfect getaway bonus room to watch the game or movie, upstairs laundry room is idea, epoxy garage floor in the tandem(3 car over-sized garage), built in BBQ and Firepit in the back yard with synthetic grass area with pavers and more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Islands

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k367k

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

Neighborhood: The Islands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10201981

* 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
Shumway Elementary School Primary Regular 535 34 5
Willis Junior High School Middle Regular 947 51 6
Chandler High School High Regular 3,176 153 5

Shumway Elementary School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 34
5
GreatSchools Rating

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Chandler High School

  • Education Level: High
  • # of students: 3,176
  • # of teachers: 153
5
GreatSchools Rating
 

$602,910$736,890$669,900

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,472
Property Tax -$424
Property Insurance -$94
HOA -$163
Property Management Fees -$99
CASH FLOW
-$432

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.

$669,900

PROJECTED PRICE

$2,820

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,274

INVESTMENT

$183,274

Down Payment
$167,475
Rehab Estimate
$5,750
Closing Costs
$10,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,475
Loan Amount $502,425
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$11,688

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
  • $2,673

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,4004$2,795
$2,795
RENT COMPS ANALYSIS
  • 1476 W Sea Fog Drive Gilbert, AZ 1
    • 4 beds 4 baths ∙ 3,427 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,427 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1408 W Heather Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,118 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,118 Sqft ∙ Built 1999
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.72
    •  
  • 825 W Laredo Avenue Gilbert, AZ 3
    • 4 beds 3 baths ∙ 3,171 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,171 Sqft ∙ Built 1998
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 1115 W Mesquite Street Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,255 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,255 Sqft ∙ Built 2001
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.86
    •  
PROPERTY LISTING DETAILS
Bradley Stiehl
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159989
Last Updated: 11/13/2020
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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