Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1973 E Dubois Avenue Gilbert, AZ 85298

3 Beds 2 Baths 2,324 sqft Built 2011

$475,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $204.39
  • 3 Days on Market
  • MLS # : 6172863
  • Updated Date : 12/18/2020 at 14:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,324 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Gorgeous, single-story home in highly desired Gilbert, just minutes from freeways, shopping and dining. Open floor-plan, so you never miss a moment. Tile and laminate wood flooring in main living areas. Ceiling fans and blinds throughout, in every room. Upon entering the home, formal dining and living option. Chef's kitchen boasts of stainless steel appliances, granite countertops, with coordinating tile backsplash, over-sized breakfast bar AND MUCH MORE! Perfect sized owner's suite with walk-in closet and private bathroom, with double sinks, separate tub/shower and private toilet room. Secondary bedrooms are great sized, with guest bathroom not too far. Enclosed den could EASILY double as bedroom 4. Great sized laundry room, with extra storage. Backyard oasis is ready to get you...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Evans Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k372k

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

Neighborhood: Evans Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10362072

* 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
Carlson Elementary School Primary Unknown 726 39 NA
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

Carlson Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 39
NA
GreatSchools Rating

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,753
Property Tax -$332
Property Insurance -$72
HOA -$24
Property Management Fees -$99
CASH FLOW
-$101

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.

$475,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$23,327

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,004

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7503$1,8494$1,8995$2,180
$2,180
RENT COMPS ANALYSIS
  • 1973 E Dubois Avenue Gilbert, AZ 5
    • 3 beds 2 baths ∙ 2,324 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,324 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.94
    •  
  • 4691 E Torrey Pines Lane Chandler, AZ 1
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.79
    •  
  • 1947 E Ravenswood Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 2012
    property image
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 4836 E Thunderbird Drive Chandler, AZ 3
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2002
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.90
    •  
  • 1640 E Dubois Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 2012
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.93
    •  
PROPERTY LISTING DETAILS
Rebecca Kallhoff
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172863
Last Updated: 12/18/2020
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.

BESbswy