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2465 S Marble Street Gilbert, AZ 85295

3 Beds 3 Baths 2,430 sqft Built 2005

$412,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $169.55
  • 4 Days on Market
  • MLS # : 6199181
  • Updated Date : 03/14/2021 at 05:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,430 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

LOCATION, LOCATION, LOCATION!!! This beautiful home boasts it all! Bright and open floor plan. Gorgeous eat in kitchen with stainless appliances and gas stove. Three oversized bedrooms PLUS a loft. This home is turn key and ready to entertain you and your guests. Relax in the sparkling pool surrounded by pavers and lush turf just installed 6 months ago. Great neighborhood and community. 'A' rated elementary school just 1/2 mile down Palomino Creek. Like to shop? Dine out? This home is just 1 mile to the San Tan Mall with several dining options in between. 1 1/2 miles to the Loop 202 San Tan freeway for easy valley commutes. 5 miles to downtown Gilbert where many more shopping and dining experiences await you! Don't let this one pass you by, this opportunity will not last long!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Spectrum at Val Vista

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: The Spectrum at Val Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9981981

* 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
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8
South Valley Jr. High School Middle Unknown NA

South Valley Jr. High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 53
9
GreatSchools Rating

Campo Verde High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 86
8
GreatSchools Rating

South Valley Jr. High School

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

$370,800$453,200$412,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,431
Property Tax -$252
Property Insurance -$75
HOA -$31
Property Management Fees -$99
CASH FLOW
-$58

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.

$412,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,930

INVESTMENT

$114,930

Down Payment
$103,000
Rehab Estimate
$5,750
Closing Costs
$6,180

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,000
Loan Amount $309,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8303$1,8504$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 2465 S Marble Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.75
    •  
  • 2752 S Sailors Way Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2004
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 2660 S Sailors Way Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 2697 S Sailors Way Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,460 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,460 Sqft ∙ Built 2004
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
  • 2663 S Sailors Way Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2004
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
PROPERTY LISTING DETAILS
Courtney L Winberry
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199181
Last Updated: 03/14/2021
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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