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2586 E Donato Drive Gilbert, AZ 85298

4 Beds 3 Baths 3,000 sqft Built 2011

$565,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $188.33
  • 4 Days on Market
  • MLS # : 6156572
  • Updated Date : 11/06/2020 at 18:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,000 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

This gorgeous single story home features 4 beds, 2.5 baths, and a split floor plan. It features two separate living areas, an in-home office and a large updated kitchen filled with stainless steel appliances, an abundance of cabinet space and a gas cook top. The master bedroom is equipped with a separate entrance to the backyard, and a beautiful bathroom with a walk-in closet, and separate shower and tub. The front of the home features a custom front door and a brand new garage door, while the backyard is perfect for entertaining with a gorgeous pool, perfect for children and adults alike, as well as a covered patio, and grill. This home is located in a highly sought after community, with large green belts, and highly rated neighborhood schools. Just minutes from Gilbert Regional Park

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
 

$508,500$621,500$565,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$2,085
Property Tax -$386
Property Insurance -$86
HOA -$29
Property Management Fees -$99
CASH FLOW
-$524

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.

$565,000

PROJECTED PRICE

$2,160

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

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$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,974

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
  • $2,243

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,2504$2,2505$2,620
$2,620
RENT COMPS ANALYSIS
  • 2586 E Donato Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2696 E Lodgepole Drive Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,292 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,292 Sqft ∙ Built 2010
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.67
    •  
  • 2735 E Narrowleaf Drive Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2011
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
  • 2573 E Ironside Court Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2013
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
  • 2559 E Penedes Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 3,039 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,039 Sqft ∙ Built 2012
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kathleen Benton
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156572
Last Updated: 11/06/2020
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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