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21809 S 158th Street Gilbert, AZ 85298

5 Beds 4 Baths 3,975 sqft Built 1988

$825,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $207.55
  • 3 Days on Market
  • MLS # : 6193663
  • Updated Date : 02/12/2021 at 23:54
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,975 sqft
  • Baths : 3 full , 1 half
Listing Agent

Az Flat Fee

Listing Agent's Description

AWESOME! 5 bed, 3.5 bath plus full basement w/den property in Gilbert! Located on a huge lot fully equipped with a corral and stalls for horses, this home also boasts a 1200 sqft Workshop w/ half bath plus an RV gate and so much more! Inside you will find 2 living and oversized dining areas with vaulted ceilings and a cozy fireplace, as well as a full basement, game room with a secondary kitchen; which, like the main kitchen is equipped with ample cabinetry, a pantry, granite countertops and stainless steel appliances. You'll love the grandiose master bedroom with its private exit, spacious walk-in closet, spa like shower and his/her sinks. The stunning backyard includes a covered patio, cozy pergola, and a sparkling fenced pool! Hurry and call NOW!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361987

* 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
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

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

$742,500$907,500$825,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,866
Property Tax -$591
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
-$440

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.

$825,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$15,749

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,233

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,2003$3,2204$3,320
$3,320
RENT COMPS ANALYSIS
  • 21809 S 158th Street Gilbert, AZ 3
    • 5 beds 4 baths ∙ 3,975 Sqft ∙ Built 1988 5 beds 4 baths ∙ 3,975 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $0.81
    •  
  • 3334 E Blue Ridge Way Gilbert, AZ 1
    • 5 beds 4 baths ∙ 4,120 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,120 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.72
    •  
  • 1345 E Lovebird Court Gilbert, AZ 2
    • 6 beds 4 baths ∙ 3,787 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,787 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.84
    •  
  • 5972 S Mack Court Gilbert, AZ 4
    • 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 2006
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $0.88
    •  
PROPERTY LISTING DETAILS
Brian J Cunningham
Az Flat Fee
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193663
Last Updated: 02/12/2021
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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