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2711 E Indian Wells Drive Gilbert, AZ 85298

5 Beds 4 Baths 3,958 sqft Built 2018

$640,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $161.70
  • 8 Days on Market
  • MLS # : 6187520
  • Updated Date : 02/05/2021 at 23:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,958 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

Why wait 10+ months for a new home when you can buy a highly upgraded home now? This home features a gourmet kitchen with gas cooktop, double oven, granite countertops, and white maple cabinets. Huge slider door reveals your back yard oasis with beautiful Pebbletec pool, 3 waterfalls, and outdoor speakers. Upgraded modern flooring with two tone paint, solar screens, and soft water system are just a few of the many great features of this home. Trails throughout the neighborhood so you can bike and run while looking at the nearby mountains. Master Bedroom and separate office is on the 1st floor! Home is in the highly-rated Chandler Unified School District. Move in and enjoy!

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
 

$576,000$704,000$640,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,223
Property Tax -$447
Property Insurance -$104
HOA -$104
Property Management Fees -$99
CASH FLOW
$13

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.

$640,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.47%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$35,254

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
  • $3,157

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,0004$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 2711 E Indian Wells Drive Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,958 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,958 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2549 E Villa Park Street Gilbert, AZ 2
    • 4 beds 4 baths ∙ 3,855 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,855 Sqft ∙ Built 2019
    property image
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.74
    •  
  • 2373 E Lindrick Drive Gilbert, AZ 3
    • 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2014
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
  • 2187 E Galileo Drive Gilbert, AZ 4
    • 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2013
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
  • 2434 E Cherry Hill Drive Gilbert, AZ 5
    • 5 beds 4 baths ∙ 3,913 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,913 Sqft ∙ Built 2018
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.79
    •  
PROPERTY LISTING DETAILS
Michael Marr
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187520
Last Updated: 02/05/2021
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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