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1741 S 142nd Street Gilbert, AZ 85295

4 Beds 3 Baths 2,525 sqft Built 1999

$849,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $336.24
  • 2 Days on Market
  • MLS # : 6188397
  • Updated Date : 02/06/2021 at 17:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,525 sqft
  • Baths : 3 full
Listing Agent

Schreiner Realty

Listing Agent's Description

Beautiful Custom home on desirable acre lot in heart of Gilbert. Spacious, upgraded 2525sf, 4-bedroom plus den, 3 remodeled bathrooms. Two Masters with separate exits to yard. Main master w/french doors, jetted tub new cabinets. Den w/doors, wood laminate floor, recessed lighting, fireproof file cabinet. Great room. Remodeled Kitchen, recessed lighting, SS appliances, granite, back splash. New Anderson windows 2019. New in 2018: carpet in master & tile in great room, kitchen, hallways. Wood laminate in secondary bedrooms. Resort-style Backyard w/fenced salt diving pool, grotto, slide waterfall, paver decking, Lighted Pergola over outdoor kitchen w/new built-in BBQ, fridge & fireplace. Umbrellas convey,TV on patio conveys. TV in Great Room can convey. Epoxy floor & custom cabinets in

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
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,949
Property Tax -$499
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$974

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.

$849,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.31%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$956

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,348

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,2003$2,3504$2,4505$2,650
$2,650
RENT COMPS ANALYSIS
  • 1741 S 142nd Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.05
    •  
  • 1295 S Honeysuckle Lane Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 1997
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 47 E Constitution Drive Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2019
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
  • 1238 E Eli Court Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1999
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
  • 1240 E Sheffield Court Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 1998
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.96
    •  
PROPERTY LISTING DETAILS
Victoria Schreiner
Schreiner Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188397
Last Updated: 02/06/2021
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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