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1777 E Oakland Street Gilbert, AZ 85295

4 Beds 3 Baths 2,222 sqft Built 1999

$369,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $166.47
  • 3 Days on Market
  • MLS # : 6178487
  • Updated Date : 01/08/2021 at 18:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,222 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Fabulous property features 4 bedrooms, 2.5 baths, formal living and dining, spacious family room opens to the cheery eat in kitchen. Second floor with a split master suite, 3 additional bedrooms and loft/office. Many extras including, electric vehicle charger, RO, security system, sunscreens, ceiling fans, new blinds and updated bath flooring.Close proximity to the 202, San Tan Village, entertainment, shopping, dining and parks. Welcome Home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Gilbert Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8611981

* 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
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,285
Property Tax -$219
Property Insurance -$71
HOA -$66
Property Management Fees -$99
CASH FLOW
$110

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.

$369,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$29,954

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,922

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8504$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 1777 E Oakland Street Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 1782 E Oakland Street Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 1999
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 1674 E Joseph Way Gilbert, AZ 2
    • 4 beds 4 baths ∙ 2,102 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,102 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 2263 S Nielson Street Gilbert, AZ 3
    • 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2000
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 1707 E Milky Way Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1998
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
PROPERTY LISTING DETAILS
Pamela M Bernard
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178487
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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