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2447 E Hazeltine Way Gilbert, AZ 85298

4 Beds 3 Baths 3,462 sqft Built 2015

INVESTimate

$549,000

List Price

$2,440

$2,196 - $2,684

Rent Est.

$581,117  ( +5.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $158.58
  • 7 Days on Market
  • MLS # : 6119163
  • Updated Date : 08/20/2020 at 10:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,462 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful 4 bed+office/den, 2.5 bath, two story home w/NO NEIGHBORS behind in the highly sought after Adora Trails in Gilbert. This home boasts a bright & spacious floor plan, with designer features throughout! The open concept great room w/ soaring ceilings flows into the kitchen & living & dining area. Living area is pre-wired for surround sound. Tons of natural light thanks to the 3 panel sliding glass door which opens up to the gorgeous kitchen w/staggered cabinets, SS appliances, granite countertops, & huge island w/barstool seating. Walk-in pantry is a plus! Upstairs you will find all 4 spacious bedrooms, laundry room, & the versatile, open loft which makes the perfect play/game room, home office, or additional common area. The large master suite has a private balcony,

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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,026
Property Tax -$383
Property Insurance -$95
HOA -$104
Property Management Fees -$99
CASH FLOW
-$266

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.

$549,000

PROJECTED PRICE

$2,440

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$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$14,877

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,770

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,4953$2,8004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 2447 E Hazeltine Way Gilbert, 1
    • 4 beds 3 baths ∙ 3,462 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,462 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.70
    •  
  • 4633 E Gleneagle Drive Chandler, 2
    • 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, 3
    • 5 beds 4 baths ∙ 3,582 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,582 Sqft ∙ Built 2012
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.78
    •  
  • 2373 E Lindrick Drive Gilbert, 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, 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
Kathryn R Arter
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119163
Last Updated: 08/20/2020
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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