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1959 E Hampton Lane #107 Gilbert, AZ 85295

3 Beds 3 Baths 1,812 sqft Built 2021

$385,484

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $212.74
  • 5 Days on Market
  • MLS # : 6192432
  • Updated Date : 02/10/2021 at 21:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full , 1 half
Listing Agent

Maracay Realty

Listing Agent's Description

Located in The Towns at Annecy, this beautiful townhome features designer selected granite kitchen countertops, stainless steel appliance package with boxed in refrigerator, painted ''Harbor'' cabinets, tiled shower at primary bath, extended primary bath vanity,12'' x 24'' tile floor, built-in desk at loft, soft water loop 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
 

$346,936$424,032$385,484

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,339
Property Tax -$229
Property Insurance -$63
HOA -$245
Property Management Fees -$99
CASH FLOW
-$134

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.

$385,484

PROJECTED PRICE

$1,840

PROJECTED RENT

0.48%

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$104,153

INVESTMENT

$104,153

Down Payment
$96,371
Rehab Estimate
$2,000
Closing Costs
$5,782

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,339

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,371
Loan Amount $289,113
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,848

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7253$1,7254$1,7505$1,840
$1,840
RENT COMPS ANALYSIS
  • 1959 E Hampton Lane #107 Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.02
    •  
  • 2456 E Vermont Drive Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2009
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 1732 E Elgin Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 2006
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.93
    •  
  • 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 4
    • 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 #: 6192432
Last Updated: 02/10/2021
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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