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2045 E Flintlock Drive Gilbert, AZ 85298

5 Beds 4 Baths 3,511 sqft Built 2012

$509,900

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $145.23
  • 3 Days on Market
  • MLS # : 6159641
  • Updated Date : 11/13/2020 at 16:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,511 sqft
  • Baths : 3 full , 1 half
Listing Agent

Venture Rei, Llc

Listing Agent's Description

**PAVER LINED BACK YARD** **VIEW FENCING LOT** **EPOXY COATED GARAGE** **CUSTOM CABINETS IN GARAGE**Close to great schools, freeways, shopping and dining! Located in one of Gilbert's most Desirable Neighborhoods! Don't let this one pass you by!

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
 

$458,910$560,890$509,900

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,881
Property Tax -$356
Property Insurance -$96
HOA -$104
Property Management Fees -$99
CASH FLOW
-$26

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.

$509,900

PROJECTED PRICE

$2,510

PROJECTED RENT

0.49%

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$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,874

INVESTMENT

$140,874

Down Payment
$127,475
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,881

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$30,864

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,809

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5103$2,8004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 2045 E Flintlock Drive Gilbert, AZ 2
    • 5 beds 4 baths ∙ 3,511 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,511 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.71
    •  
  • 4633 E Gleneagle Drive Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,291 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,291 Sqft ∙ Built 2005
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.76
    •  
  • 2026 E Flintlock Drive Gilbert, AZ 3
    • 5 beds 4 baths ∙ 3,582 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,582 Sqft ∙ Built 2012
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.78
    •  
  • 2373 E Lindrick Drive Gilbert, AZ 4
    • 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2014
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
  • 2187 E Galileo Drive Gilbert, AZ 5
    • 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2013
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
PROPERTY LISTING DETAILS
Frank Gerola
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159641
Last Updated: 11/13/2020
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.

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