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2691 E Donato Drive Gilbert, AZ 85298

4 Beds 2 Baths 2,109 sqft Built 2009

$509,500

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $241.58
  • 4 Days on Market
  • MLS # : 6208757
  • Updated Date : 03/20/2021 at 18:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,109 sqft
  • Baths : 2 full
Listing Agent

4:10 Real Estate, Llc

Listing Agent's Description

This is a beautiful home in the desirable Fulton Homes community of Freeman Farms! This home has been well cared for with brand new carpet & paint and upgrades in just the right places! There is a 3 car tandem garage on this split floorplan home and plenty of room for storage & parking! Low maintenance landscaping is a plus and open living area/kitchen/dining area allows for the perfect environment for entertaining! Neighborhood is established and offers a very friendly place to be and local neighborhood parks are a welcome break from long days of work! Located in the Higley Unified School District and in close proximity to shopping, dining and entertainment. Gilbert's BRAND NEW community park is just a short bike ride or drive away! Welcome Home!

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
Cooley Middle School Middle Unknown 915 39 NA
Williams Field High School High Regular 1,705 64 7

Cooley Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 39
NA
GreatSchools Rating

Williams Field High School

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

$458,550$560,450$509,500

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,770
Property Tax -$348
Property Insurance -$68
HOA -$29
Property Management Fees -$99
CASH FLOW
-$434

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.

$509,500

PROJECTED PRICE

$1,880

PROJECTED RENT

0.37%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,768

INVESTMENT

$140,768

Down Payment
$127,375
Rehab Estimate
$5,750
Closing Costs
$7,643

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,770

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,375
Loan Amount $382,125
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,993

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8803$1,9954$2,0995$2,250
$2,250
RENT COMPS ANALYSIS
  • 2691 E Donato Drive Gilbert, AZ 2
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.89
    •  
  • 2867 E Anika Drive Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2007
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.87
    •  
  • 2744 E Lodgepole Drive Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2009
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 2587 E Tiffany Way Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2013
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $1.00
    •  
  • 2557 E Orleans Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2013
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jason J. Geroux
4:10 Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208757
Last Updated: 03/20/2021
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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