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2484 E Lodgepole Drive Gilbert, AZ 85298

6 Beds 5 Baths 4,648 sqft Built 2008

$700,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $150.60
  • 2 Days on Market
  • MLS # : 6156927
  • Updated Date : 11/07/2020 at 12:16
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,648 sqft
  • Baths : 4 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

COMPLETE DESIGNER REMODEL! Stunning farmhouse chic finishes with custom molding throughout. This home comes complete with 6 bedrooms, 4.5 baths, a large oversized loft, AND downstairs den! Open concept ideal floorplan is the perfect family home and ideal for entertaining! Beautiful eat-in kitchen is complete with built-in GE monogram appliances, subway tile backsplash, complementary granite, and choice lighting. A butler's nook with wine fridge and ample storage leads to the large front formal dining room. Family room hosts ready to go built-in media cabinet and stunning stone fireplace! Oversized master suite is located on the second floor along with 4 additional beds, 2 double sink bathrooms, and the laundry room. Master bathroom includes HUGE walk in closet, marble tile feature wall,

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
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,583
Property Tax -$478
Property Insurance -$118
HOA -$29
Property Management Fees -$99
CASH FLOW
-$256

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.

$700,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$25,635

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
  • $3,316

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8953$2,9954$3,450
$3,450
RENT COMPS ANALYSIS
  • 2484 E Lodgepole Drive Gilbert, AZ 1
    • 6 beds 5 baths ∙ 4,648 Sqft ∙ Built 2008 6 beds 5 baths ∙ 4,648 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5391 S Cardinal Street Gilbert, AZ 2
    • 6 beds 5 baths ∙ 4,350 Sqft ∙ Built 2007 6 beds 5 baths ∙ 4,350 Sqft ∙ Built 2007
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.67
    •  
  • 4313 E Grand Canyon Drive Chandler, AZ 3
    • 6 beds 5 baths ∙ 4,502 Sqft ∙ Built 2014 6 beds 5 baths ∙ 4,502 Sqft ∙ Built 2014
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.67
    •  
  • 2560 E Carob Drive Gilbert, AZ 4
    • 6 beds 5 baths ∙ 4,305 Sqft ∙ Built 2010 6 beds 5 baths ∙ 4,305 Sqft ∙ Built 2010
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.80
    •  
PROPERTY LISTING DETAILS
Mary Spitzer
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156927
Last Updated: 11/07/2020
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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