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1728 E Indigo Street Gilbert, AZ 85298

4 Beds 3 Baths 2,540 sqft Built 2006

$499,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $196.46
  • 4 Days on Market
  • MLS # : 6154482
  • Updated Date : 10/31/2020 at 16:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,540 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

Single story living with second master suite upstairs! Gorgeous 4 bedroom, 3 bathroom with loft home in the gated community of Legend Ridge. Eat in kitchen features breakfast bar, granite countertops, travertine backsplash and opens to great room with wood flooring. Downstairs master with access to backyard, dual sinks, large soaking tub, walk in shower and oversized closet. Second story features loft and second master with en suite bath and walk in closet. Both additional bedrooms are on first floor and have walk in closets. Private backyard with covered patio, pavers, grassy play space, garden area, and mature citrus trees. Three car garage with ample storage space. Legend Ridge features children's play space and walking paths. Convenient access to 202 and San Tan Village.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Tan Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k442k

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

Neighborhood: San Tan Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10362208

* 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
Weinberg Elementary School Primary Regular 846 42 8
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7

Weinberg Elementary School

  • Education Level: Primary
  • # of students: 846
  • # of teachers: 42
8
GreatSchools Rating

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,841
Property Tax -$350
Property Insurance -$77
HOA -$110
Property Management Fees -$99
CASH FLOW
-$357

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.

$499,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$6,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,089

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9853$2,1004$2,1005$2,120
$2,120
RENT COMPS ANALYSIS
  • 1728 E Indigo Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.83
    •  
  • 1483 E Mia Lane Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2004
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 1441 E Thornton Avenue #0 Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2005
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.84
    •  
  • 4609 S Redrock Court Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2005
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 1331 E Strawberry Drive Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jenna L. Marsh
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154482
Last Updated: 10/31/2020
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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