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2177 E Hazeltine Way Gilbert, AZ 85298

4 Beds 2 Baths 1,734 sqft Built 2014

INVESTimate

$399,000

List Price

$1,740

$1,566 - $1,914

Rent Est.

$422,342  ( +5.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $230.10
  • 5 Days on Market
  • MLS # : 6119011
  • Updated Date : 08/24/2020 at 18:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,734 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Located in the highly desired community of Adora Trails, this 4 bedroom/2 bathroom home is nestled on a premium lot with mountain views. Tons of upgrades which include epoxy garage flooring, driveway extension with pavers, plantation shutters, sun screens, remodeled bathrooms, granite counter tops, upgraded lighting and a backyard paradise which includes grass, pavers and a fireplace with sitting area. This meticulously maintained home has it all!

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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,472
Property Tax -$279
Property Insurance -$61
HOA -$104
Property Management Fees -$99
CASH FLOW
-$275

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.

$399,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.85%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,834

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7403$1,7804$1,8255$1,875
$1,875
RENT COMPS ANALYSIS
  • 2177 E Hazeltine Way Gilbert, 2
    • 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.00
    •  
  • 2209 E Hazeltine Way Gilbert, 1
    • 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2014
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.07
    •  
  • 2171 E Stacey Road Gilbert, 3
    • 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.03
    •  
  • 2193 E Stacey Road Gilbert, 4
    • 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.05
    •  
  • 2151 E Stacey Road Gilbert, 5
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2014
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.08
    •  
PROPERTY LISTING DETAILS
Darwin Wall
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119011
Last Updated: 08/24/2020
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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