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1959 E Hampton Lane #105 Gilbert, AZ 85295

3 Beds 3 Baths 1,630 sqft Built 2021

$364,983

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $223.92
  • 2 Days on Market
  • MLS # : 6190711
  • Updated Date : 02/06/2021 at 00:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,630 sqft
  • Baths : 2 full , 1 half
Listing Agent

Maracay Realty

Listing Agent's Description

Located in The Towns at Annecy, this beautiful condominium home features designer selected quartz kitchen countertops, stainless steel appliance package, painted ''Linen'' white cabinets with 42'' uppers, upgraded Blanco kitchen sink, two-tone interior paint, tiled shower at Primary Bath, 12 x 24 tile floor and so much more. Walking Distance to Lakes, Community Pool & Park & Close to San Tan Mall. Customer must obtain VA approval before writing purchase agreement.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Val Vista Classic

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $93k358k

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

Neighborhood: Val Vista Classic

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9921981

* 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
 

$328,485$401,481$364,983

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,268
Property Tax -$217
Property Insurance -$59
HOA -$235
Property Management Fees -$99
CASH FLOW
-$147

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$364,983

PROJECTED PRICE

$1,730

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 3.00%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,720

INVESTMENT

$98,720

Down Payment
$91,246
Rehab Estimate
$2,000
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,246
Loan Amount $273,737
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$8,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,7254$1,7305$1,750
$1,750
RENT COMPS ANALYSIS
  • 1959 E Hampton Lane #105 Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.06
    •  
  • 1704 E Elgin Street Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 1655 E Elgin Street Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.08
    •  
  • 2634 S Harmony Avenue Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 2007
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.06
    •  
  • 2622 S Alpine Drive Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 2007
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.08
    •  
PROPERTY LISTING DETAILS
Craig Tucker
Maracay Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190711
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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