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2480 E Donato Drive Gilbert, AZ 85298

4 Beds 3 Baths 2,890 sqft Built 2012

$600,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $207.61
  • 2 Days on Market
  • MLS # : 6184761
  • Updated Date : 01/23/2021 at 05:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,890 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

You're going to love this beautiful 4bd + bonus room & den. The great room with fireplace opens onto the spacious eat-in kitchen, featuring 42'' staggered maple cabinetry with crown molding, granite countertops, tile backsplash, stainless appliances, gas cooktop, walk-in pantry & island with breakfast bar. Oversized windows and sliding door overlook the desert oasis out back. Mature palms, heated pool with water feature, above ground spa under the shaded pergola, covered travertine patio with ceiling fan and misting system, and low-maintenance artificial turf make this a backyard you won't want to leave. Inside, the split master retreat features a recently upgraded bathroom, with oversized walk-in shower, dual sink vanity, and walk-in closet with

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
Coronado Elementary School Primary Regular 643 31 9
Coronado Elementary School Middle Regular 643 31 9
Williams Field High School High Regular 1,705 64 7

Coronado Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 31
9
GreatSchools Rating

Coronado Elementary School

  • Education Level: Middle
  • # of students: 643
  • # of teachers: 31
9
GreatSchools Rating

Williams Field High School

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

$540,000$660,000$600,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$2,084
Property Tax -$410
Property Insurance -$84
HOA -$29
Property Management Fees -$99
CASH FLOW
-$405

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.

$600,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.38%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,348

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,2504$2,5005$2,724
$2,724
RENT COMPS ANALYSIS
  • 2480 E Donato Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,890 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,890 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1295 E Indigo Street Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2004
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 2573 E Ironside Court Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2013
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
  • 2735 E Narrowleaf Drive Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2011
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 3386 E Tiffany Court Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,724
    • $0.92
    •  
PROPERTY LISTING DETAILS
Holly Poty
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184761
Last Updated: 01/23/2021
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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