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2710 E Indian Wells Drive Gilbert, AZ 85298

4 Beds 3 Baths 2,602 sqft Built 2018

$590,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $226.75
  • 1 Days on Market
  • MLS # : 6194241
  • Updated Date : 02/14/2021 at 05:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,602 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sk Realty

Listing Agent's Description

This beautiful single level home has a 4 bed/2.5 bath, split-floor plan, 4-car tandem garage. The kitchen has large island with granite countertops, stainless steel appliances, walk-in pantry. All windows covered with shutters. The backyard has 3 raised vegetable garden, perfect for urban farming enthusiasts. Enjoy BBQing under covered patio. This home is located in the most sought after master planned community Adora Trails. Community clubhouse includes - swimming pool, trails, fitness center, rec-room, basketball courts, lake, and more!

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
Payne Junior High School Middle Regular 1,518 70 9
Basha High School High Regular 2,646 125 8

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Basha High School

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

$531,000$649,000$590,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,049
Property Tax -$412
Property Insurance -$78
HOA -$104
Property Management Fees -$99
CASH FLOW
-$182

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.

$590,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.43%

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-$5.0k$0.0$5.0k$10k$15k$20k

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$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$18,217

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
  • $2,582

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3993$2,5004$2,7505$2,795
$2,795
RENT COMPS ANALYSIS
  • 2710 E Indian Wells Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3334 E Lafayette Avenue Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,529 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,529 Sqft ∙ Built 2005
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.95
    •  
  • 2665 E Stacey Road Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2017
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.01
    •  
  • 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
    property image
    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
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.03
    •  
PROPERTY LISTING DETAILS
Seongho 'phillip' Chang
Sk Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194241
Last Updated: 02/14/2021
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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