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2160 E Hazeltine Way Gilbert, AZ 85298

3 Beds 2 Baths 1,734 sqft Built 2014

$424,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $245.04
  • 3 Days on Market
  • MLS # : 6198663
  • Updated Date : 02/27/2021 at 02:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,734 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Single level home with 3 bedrooms plus den with 2 car garage in Adora Trails. Builder upgrades include raised vanities in both bathrooms, diagonal 18' tile in main living areas, raised panel doors and surround sound prewiring. Kitchen with granite counters, upgraded cabinetry with 4' molding, undermount lighting, pendant lighting, recessed lighting, pots and pans drawer and lazy susan in the corner. Breakfast room has custom bench and additional storage cabinets. Vaulted ceilings. Built-in workbench, cabinets and epoxy flooring in garage. Water softener and reverse osmosis. North/south exposure. Adora Trails clubhouse and facilities include pool, picnic areas, workout facility and numerous park and play areas.

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
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

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
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,476
Property Tax -$297
Property Insurance -$61
HOA -$104
Property Management Fees -$99
CASH FLOW
-$346

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.

$424,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,821

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,7803$1,8004$1,8505$1,875
$1,875
RENT COMPS ANALYSIS
  • 2160 E Hazeltine Way Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.97
    •  
  • 2171 E Stacey Road Gilbert, AZ 2
    • 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.03
    •  
  • 2194 E Gillcrest Road Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2004
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 2247 E Hazeltine Way Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 2014
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.18
    •  
  • 2020 E Lindrick Drive Gilbert, AZ 5
    • 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2013
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.08
    •  
PROPERTY LISTING DETAILS
Kathy L. Jeffrey
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198663
Last Updated: 02/27/2021
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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