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1774 S Marble Street Gilbert, AZ 85295

5 Beds 3 Baths 3,284 sqft Built 2000

INVESTimate

$599,000

List Price

$2,430

$2,187 - $2,673

Rent Est.

$626,913  ( +4.66%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $182.40
  • 5 Days on Market
  • MLS # : 6121338
  • Updated Date : 08/24/2020 at 21:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,284 sqft
  • Baths : 3 full
Listing Agent

Delex Realty

Listing Agent's Description

This is it! The home you've been waiting for in the sought after community of Ashland Ranch. With 5 bedrooms, 3 full baths, this home has it all. Cook on a gas stove in your open and bright kitchen with newly refinished cabinetry and hardware. Ample cabinet space and the convenience of double ovens come holiday season! And during the warm AZ summer months, relax by your sparkling pool with the ambiance of a relaxing waterfall. New exterior and interior paint in 2019 and 2020. Both A/C units replaced in the last 2 years. New Pool pump and R/O system in the last 2 years as well, new flooring, light fixtures, plantation shutters, etc...The list just goes on and on. You will have to come and see this home for yourself to truly appreciate this beauty in Gilbert.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashland Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k414k

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

Neighborhood: Ashland Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362128

* 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
Ashland Ranch Elementary School Primary Regular 776 44 7
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8

Ashland Ranch Elementary School

  • Education Level: Primary
  • # of students: 776
  • # of teachers: 44
7
GreatSchools Rating

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
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,210
Property Tax -$352
Property Insurance -$91
HOA -$63
Property Management Fees -$99
CASH FLOW
-$385

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.

$599,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.66%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$11,511

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,603

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,245
1$2,2452$2,4303$2,5004$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 1774 S Marble Street Gilbert, 2
    • 5 beds 3 baths ∙ 3,284 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,284 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.74
    •  
  • 1234 E Ivanhoe Court Gilbert, 1
    • 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2003
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.75
    •  
  • 1547 E Erie Street Gilbert, 3
    • 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 1998
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 872 E Ivanhoe Court Gilbert, 4
    • 5 beds 4 baths ∙ 3,425 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,425 Sqft ∙ Built 2000
    property image
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.79
    •  
  • 2076 S Porter Street Gilbert, 5
    • 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 1999
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.82
    •  
PROPERTY LISTING DETAILS
Amber Black
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121338
Last Updated: 08/24/2020
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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