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170 E Guadalupe Road #20 Gilbert, AZ 85234

2 Beds 2 Baths 816 sqft Built 1985

$234,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $286.76
  • 5 Days on Market
  • MLS # : 6191765
  • Updated Date : 02/12/2021 at 19:33
CONSTRUCTION
  • Beds : 2
  • Floor Size : 816 sqft
  • Baths : 2 full
Listing Agent

Bliss Realty & Investments

Listing Agent's Description

This 2 bedroom, 2 bath, end unit townhome shows like a model. Your new home comes furnished and ready to move in. This well maintained home boasts a fireplace, granite counters, tile floors, and is walking distance to the beautiful resort like pool. In the front is a beautiful shaded courtyard, in back is a private patio, with 2 designated parking spots right behind. Walking distance to downtown Gilbert and close to restaurants, shopping, freeway, bus stop, parks, grade A schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Breckenridge Townhomes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $77k337k

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

Neighborhood: Breckenridge Townhomes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181866

* 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
Mesquite Jr High School Middle Regular 715 34 7
Gilbert High School High Regular 2,470 113 7
Mesquite Jr High School Middle Unknown NA

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Gilbert High School

  • Education Level: High
  • # of students: 2,470
  • # of teachers: 113
7
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$210,600$257,400$234,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$813
Property Tax -$138
Property Insurance -$43
HOA -$153
Property Management Fees -$99
CASH FLOW
-$85

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.

$234,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,760

INVESTMENT

$67,760

Down Payment
$58,500
Rehab Estimate
$5,750
Closing Costs
$3,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$813

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,500
Loan Amount $175,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$6,641

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $1,061

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,1603$1,2504$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 170 E Guadalupe Road #20 Gilbert, AZ 2
    • 2 beds 2 baths ∙ 816 Sqft ∙ Built 1985 2 beds 2 baths ∙ 816 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $1.42
    •  
  • 406 E Cullumber Avenue #a Gilbert, AZ 1
    • 2 beds 2 baths ∙ 813 Sqft ∙ Built 1985 2 beds 2 baths ∙ 813 Sqft ∙ Built 1985
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $1.17
    •  
  • 119 N Oak Street #a Gilbert, AZ 3
    • 2 beds 2 baths ∙ 910 Sqft ∙ Built 1965 2 beds 2 baths ∙ 910 Sqft ∙ Built 1965
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.37
    •  
  • 170 E Guadalupe Road #44 Gilbert, AZ 4
    • 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1985
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.34
    •  
  • 446 N Alder Court Gilbert, AZ 5
    • 2 beds 2 baths ∙ 1,059 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,059 Sqft ∙ Built 2004
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.32
    •  
PROPERTY LISTING DETAILS
Carol S Cowan
Bliss Realty & Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191765
Last Updated: 02/12/2021
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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