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2470 E Vermont Drive Gilbert, AZ 85295

3 Beds 3 Baths 1,692 sqft Built 2008

$335,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $197.99
  • 5 Days on Market
  • MLS # : 6174798
  • Updated Date : 01/09/2021 at 18:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,692 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Welcome to this beautifully updated home in the ideally located community, Vincenz. Offering 3 bedrooms and 2.5 baths, this stylish home is move in ready. All new flooring in 2017 including wood plank tile down stairs and all new carpet upstairs. You will love the look and function of the all new (2017) kitchen with grey cabinets, quartz counters, & stainless steel appliances - WOW! The extra large master suite offers plenty of space to work from home or simply extra privacy. The back patio offers a barbecue island and gate to garage. Keyless entries and wifi thermostat are ready for your convenience. Garage includes cabinets & coated floor. Located just off the 202 freeway and close to the San Tan Village mall, the Vincenz community offers a community pool, and parks.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vincenz

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Vincenz

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9641981

* 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
Chaparral Elementary School Primary Regular 859 47 8
Chaparral Elementary School Middle Regular 859 47 8
Williams Field High School High Regular 1,705 64 7

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 47
8
GreatSchools Rating

Chaparral Elementary School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 47
8
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,164
Property Tax -$229
Property Insurance -$60
HOA -$37
Property Management Fees -$99
CASH FLOW
$51

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.

$335,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$22,641

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,633

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6404$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 2470 E Vermont Drive Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.97
    •  
  • 2509 E Vermont Drive Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2013
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 2520 E Vermont Drive Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2008
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 2476 E Boston Street Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 2010
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 2456 E Vermont Drive Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2009
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
PROPERTY LISTING DETAILS
Melanie Nemetz
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174798
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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