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2001 E Arabian Drive Gilbert, AZ 85296

4 Beds 3 Baths 1,920 sqft Built 1997

$398,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $207.29
  • 1 Days on Market
  • MLS # : 6194207
  • Updated Date : 02/14/2021 at 01:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,920 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mark Brower Properties, Llc

Listing Agent's Description

Stop searching! Take a look at this remarkable two story property in popular Gilbert! This dreamy home offers you an easy-care gravel front landscaping and a 2 car garage. Upon entering, you will be greeted by a bright & inviting interior with an abundance of natural light flowing throughout, tiled flooring, vaulted ceilings, carpet in all bedrooms, a large dining space, and a cozy living area perfect to receive guests. The spotless kitchen boasts essential appliances, granite countertops, recessed lighting, a center island, breakfast bar, and ample cabinetry. The charming master bedroom includes a walk-in closet and a full bathroom with his/her sink and shower & tub combo. The grassy backyard with a storage shed and a covered patio is great to relax after a long and busy day.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Finley Farms South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Finley Farms South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9701981

* 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
Greenfield Junior High School Middle Regular 917 44 9
Gilbert High School High Regular 2,470 113 7
Greenfield Junior High School Middle Unknown NA

Greenfield Junior High School

  • Education Level: Middle
  • # of students: 917
  • # of teachers: 44
9
GreatSchools Rating

Gilbert High School

  • Education Level: High
  • # of students: 2,470
  • # of teachers: 113
7
GreatSchools Rating

Greenfield Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$358,200$437,800$398,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,382
Property Tax -$234
Property Insurance -$65
HOA -$11
Property Management Fees -$99
CASH FLOW
-$31

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.

$398,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,220

INVESTMENT

$111,220

Down Payment
$99,500
Rehab Estimate
$5,750
Closing Costs
$5,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,382

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,500
Loan Amount $298,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$20,197

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,862

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,8504$1,9355$2,200
$2,200
RENT COMPS ANALYSIS
  • 2001 E Arabian Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 954 S Parkcrest Street Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 2000
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 918 S San Joaquin Court Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1994
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 360 S Tanina Street Gilbert, AZ 4
    • 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1998
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $1.00
    •  
  • 1930 E Rawhide Street Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,087 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,087 Sqft ∙ Built 1998
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
PROPERTY LISTING DETAILS
Mark Brower
Mark Brower Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194207
Last Updated: 02/14/2021
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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