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26 S Catalina Street Gilbert, AZ 85233

4 Beds 3 Baths 2,078 sqft Built 1956

$384,900

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $185.23
  • 2 Days on Market
  • MLS # : 6194015
  • Updated Date : 02/13/2021 at 23:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,078 sqft
  • Baths : 3 full
Listing Agent

Premier Real Estate Opportunities

Listing Agent's Description

FANTASTIC GILBERT LOCATION! Home is within walking distance to the Heritage District of downtown Gilbert and Restaurant Row, as well as the Gilbert Farmer's Market, Western Canal walking and biking trail, Page Park, Gilbert Community Center and so much more! PROFESSIONALLY RENOVATED with Gorgeous Kitchen area, New GRANITE Slab Counters, Upgraded Kitchen Cabinets with matching SS appliances! New Roof! Modern wood-plank laminate floors throughout with New Plush carpets! Fresh TWO-TONE interior and exterior paint! Master and Hall Baths tastefully renovated! Upgraded two-panel and popular square-edge baseboards! Property complete with chrome lighting, hardware, and ceiling fan packages! Windows are dual-pane low-E! Plenty of room to host with separate Living Room and

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $95k337k

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

Neighborhood: Gilbert Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8251866

* 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
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6
Mesquite Jr High School Middle Unknown NA

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating

Mesquite Jr High School

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

$346,410$423,390$384,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,337
Property Tax -$226
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$300

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$384,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$54,055

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
  • $2,577

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,950
$2,950
RENT COMPS ANALYSIS
  • 26 S Catalina Street Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,078 Sqft ∙ Built 1956 4 beds 2 baths ∙ 2,078 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 318 N Palm Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1961 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1961
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
  • 147 E Water Tank Road Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1971
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.40
    •  
PROPERTY LISTING DETAILS
Francisco Vallecillos
Premier Real Estate Opportunities
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194015
Last Updated: 02/13/2021
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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