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172 E Chelsea Lane Gilbert, AZ 85295

3 Beds 3 Baths 2,418 sqft Built 2014

$450,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $186.10
  • 2 Days on Market
  • MLS # : 6201866
  • Updated Date : 03/06/2021 at 15:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,418 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Located in the heart of Gilbert with perfect access to all your needs and wants is this fabulous, well maintained, Meritage Home Energy Star home. Quick access to the 202, just a few miles from the hip urban core of Downtown Gilbert as well as all the shopping and restaurants around San Tan Mall - it doesn't get any better than this. This home features 3 bed, with a large loft, den/office, 2.5 bath, great room, gourmet kitchen, privately owned propane tank for gas stove in the kitchen, stainless steel appliances 9+ ceilings throughout. The spacious master bedroom features a large walk-in master closet and double sinks in the bathroom. Cozy up in front of the electric fireplace while watching your favorite movies. Don't miss out, this house will go fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361987

* 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
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8
South Valley Jr. High School Middle Unknown NA

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

South Valley Jr. High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,563
Property Tax -$271
Property Insurance -$74
HOA -$80
Property Management Fees -$99
CASH FLOW
-$78

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.

$450,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$18,605

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
  • $2,079

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8753$1,9004$2,0005$2,550
$2,550
RENT COMPS ANALYSIS
  • 172 E Chelsea Lane Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,418 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,418 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2841 E Detroit Street Chandler, AZ 2
    • 3 beds 3 baths ∙ 2,275 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,275 Sqft ∙ Built 2015
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.82
    •  
  • 2482 E Kesler Lane Chandler, AZ 3
    • 3 beds 2 baths ∙ 2,288 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,288 Sqft ∙ Built 2000
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 2432 E Nathan Way Chandler, AZ 4
    • 3 beds 2 baths ∙ 2,288 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,288 Sqft ∙ Built 1999
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 125 E Chelsea Lane Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2014
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.92
    •  
PROPERTY LISTING DETAILS
Tanya Dawson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201866
Last Updated: 03/06/2021
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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