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1959 E Hampton Lane #108 Gilbert, AZ 85295

4 Beds 3 Baths 1,921 sqft Built 2021

$402,172

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $209.36
  • 5 Days on Market
  • MLS # : 6192483
  • Updated Date : 02/10/2021 at 21:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,921 sqft
  • Baths : 2 full , 1 half
Listing Agent

Maracay Realty

Listing Agent's Description

Located in The Towns at Annecy, this beautiful end unit townhome features designer selected quartz kitchen countertops, stainless steel appliance package, painted ''Harbor'' cabinets with 42'' uppers at kitchen, tiled shower at primary bath, 12'' x 24'' tile floor, 4th bedroom instead of loft, mission style stair rails, 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
 

$361,955$442,389$402,172

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,397
Property Tax -$239
Property Insurance -$65
HOA -$250
Property Management Fees -$99
CASH FLOW
-$329

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.

$402,172

PROJECTED PRICE

$1,720

PROJECTED RENT

0.43%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$108,576

INVESTMENT

$108,576

Down Payment
$100,543
Rehab Estimate
$2,000
Closing Costs
$6,033

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,543
Loan Amount $301,629
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,710

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6503$1,6954$1,7205$1,800
$1,800
RENT COMPS ANALYSIS
  • 1959 E Hampton Lane #108 Gilbert, AZ 4
    • 4 beds 3 baths ∙ 1,921 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,921 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.90
    •  
  • 1428 E Hopkins Road Gilbert, AZ 1
    • 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2004
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.88
    •  
  • 2630 S Penrose Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 2006
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 2485 S Marble Street Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 1674 E Joseph Way Gilbert, AZ 5
    • 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
    •  
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 #: 6192483
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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