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2626 E Stacey Road Gilbert, AZ 85298

4 Beds 4 Baths 2,720 sqft Built 2017

$615,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $226.10
  • 3 Days on Market
  • MLS # : 6164571
  • Updated Date : 11/27/2020 at 11:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,720 sqft
  • Baths : 4 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

If you are looking for a serene home in a great location to enjoy the beautiful Arizona winter, you have found it! This property offers custom finishes and all the perks of a planned area development. 4 bedrooms with a den and 4 full bathrooms in a single story with beautiful views. Triple slider back door, iron front door, wood tile floors, white cabinets, gorgeous granite counters, tile backsplash, a farmhouse sink, plantation shutters, custom light fixtures and ceiling fans are just some of the special touches inside this home. Open up the back slider to the amazing backyard with a pool, outdoor speakers, custom fire pit, travertine deck, pergola and enjoy the custom lighting package when the sun goes down. Mother-in-law suite with a separate entrance is perfect for guests!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountainwood

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k386k

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

Neighborhood: Mountainwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362150

* 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
Patterson Elementary School Primary Regular 959 49 9
Patterson Elementary School Middle Regular 959 49 9
Basha High School High Regular 2,646 125 8

Patterson Elementary School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 49
9
GreatSchools Rating

Patterson Elementary School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 49
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,269
Property Tax -$429
Property Insurance -$80
HOA -$104
Property Management Fees -$99
CASH FLOW
-$672

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.

$615,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,629

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
  • $2,523

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,2954$2,7505$2,795
$2,795
RENT COMPS ANALYSIS
  • 2626 E Stacey Road Gilbert, AZ 1
    • 4 beds 4 baths ∙ 2,720 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,720 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2630 E Gillcrest Road Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2015
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.83
    •  
  • 2397 E Hazeltine Way Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2014
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.87
    •  
  • 2205 E La Costa Drive Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2012
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.98
    •  
  • 2636 E Hazeltine Way Gilbert, AZ 5
    • 4 beds 4 baths ∙ 2,720 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,720 Sqft ∙ Built 2016
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.03
    •  
PROPERTY LISTING DETAILS
Cara O'dowd
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164571
Last Updated: 11/27/2020
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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