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2015 E Lindrick Drive Gilbert, AZ 85298

4 Beds 3 Baths 2,249 sqft Built 2013

$414,990

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $184.52
  • 6 Days on Market
  • MLS # : 6182825
  • Updated Date : 01/22/2021 at 23:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,249 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

This 4 bedroom, 2 1/2 bathroom home was built in 2013 & is located in beautiful Adora Trails, which features a Club House on a lake, Work Out Facility, Media Room, Heated Pool and multiple children's play areas. Downstairs the home has tile in all the right places with carpet in the family room. The bright kitchen features a walk-in pantry and kitchen island. The upstairs loft has a custom built-in book shelves and a built in bench with storage. The laundry room is conveniently located by the bedrooms upstairs, and the washer & dryer will stay. The garage has built-in cabinets for extra storage. In the beautifully landscaped backyard you find lush plants & a large shed. Adora Trails has miles of walking and biking paths with beautiful mountain views.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountainwood

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k386k

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

Neighborhood: Mountainwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362150

* 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
Patterson Elementary School Primary Regular 959 49 9
Patterson Elementary School Middle Regular 959 49 9
Basha High School High Regular 2,646 125 8

Patterson Elementary School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 49
9
GreatSchools Rating

Patterson Elementary School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 49
9
GreatSchools Rating

Basha High School

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

$373,491$456,489$414,990

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,441
Property Tax -$290
Property Insurance -$71
HOA -$104
Property Management Fees -$99
CASH FLOW
$85

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.

$414,990

PROJECTED PRICE

$2,090

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$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$115,722

INVESTMENT

$115,722

Down Payment
$103,748
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,748
Loan Amount $311,243
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$29,068

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,266

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,849
1$1,8492$1,9503$2,0904$2,2755$2,399
$2,399
RENT COMPS ANALYSIS
  • 2015 E Lindrick Drive Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.93
    •  
  • 4836 E Thunderbird Drive Chandler, AZ 1
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2002
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.90
    •  
  • 2430 E Stacey Road Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,121 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,121 Sqft ∙ Built 2015
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 1975 E Merlot Street Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,097 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,097 Sqft ∙ Built 2012
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.08
    •  
  • 7934 S Frontier Street Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,121 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,121 Sqft ∙ Built 2015
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $1.13
    •  
PROPERTY LISTING DETAILS
Deirdre A. Lehner
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182825
Last Updated: 01/22/2021
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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