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1554 S Swallow Court Gilbert, AZ 85296

4 Beds 3 Baths 2,543 sqft Built 2004

$379,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $149.04
  • 5 Days on Market
  • MLS # : 6171953
  • Updated Date : 12/18/2020 at 06:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,543 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Fantastic 4 bedroom 3 bath home in the lovely Gardens development. Recently painted inside and out, this home sits at the front of the cul-de-sac with a home on one side of it on the street. The home is located just across from the park and open area that is just the perfect walking distance to take the kids or the dog out to enjoy this subdivision with mature trees and a lot of green. 2 Trane air conditioners keep this home efficiently cooled. Granite countertops in this open kitchen with stainless steel appliances and modern backsplash give it a classy look. The master suite bedroom upstairs features a seating area the and master bathroom has a soaking tub, double sinks and a private toilet room. Come and see and make this your new home! You won't be disappointed!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $107k337k

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

Neighborhood: Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9261866

* 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
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,398
Property Tax -$259
Property Insurance -$77
HOA -$58
Property Management Fees -$99
CASH FLOW
-$11

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$379,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$25,972

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,882

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8803$1,8904$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 1554 S Swallow Court Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.74
    •  
  • 953 S Almira Avenue Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2012
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.72
    •  
  • 957 S Wallrade Lane Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.74
    •  
  • 965 S Wallrade Lane Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 1568 S Hawk Court Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2002
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
PROPERTY LISTING DETAILS
Michael Makas
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171953
Last Updated: 12/18/2020
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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