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2731 E Valencia Street Gilbert, AZ 85296

4 Beds 2 Baths 2,416 sqft Built 2005

$559,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $231.75
  • 3 Days on Market
  • MLS # : 6178158
  • Updated Date : 01/08/2021 at 18:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,416 sqft
  • Baths : 2 full
Listing Agent

Venture Rei, Llc

Listing Agent's Description

Pristine residence in the highly coveted Agritopia Gilbert Neighborhood. This a must-see 4 Bed 2 Bath 3 car tandem garage 2416 square foot home situated on a large 8370 sq ft spacious lot complete with UPGRADES GALORE! **TREE LINED STREETS** **SITTING FRONT PORCH** **CUSTOM WOOD SHUTTERS** **TILE FLOORING** **OPEN FLOORPLAN** **RECESSED LIGHTING** **VAULTED CEILINGS** **GRANITE COUNTERTOPS** **STAINLESS STEEL APPLIANCES** **SPACIOUS PANTRY** **CUSTOM BACKSPLASH** **SPLIT FLOORPLAN** **CUSTOM WOOD/BAMBOO FLOORING** **CUSTOM INTERIOR PAINT** **LARGE BEDROOMS** **COVERED PATIO** **SPACIOUS BACKYARD** **FRUIT TREES** **STORAGE CABINETS IN GARAGE** Make this one yours today! Will sell fast! Rare opportunity located in one of Gilbert's most desired neighborhoods!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Agritopia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k414k

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

Neighborhood: Agritopia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10362215

* 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
Higley Traditional Academy Primary Regular 645 29 9
Higley Traditional Academy Middle Regular 645 29 9
Williams Field High School High Regular 1,705 64 7

Higley Traditional Academy

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 29
9
GreatSchools Rating

Higley Traditional Academy

  • Education Level: Middle
  • # of students: 645
  • # of teachers: 29
9
GreatSchools Rating

Williams Field High School

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

$503,910$615,890$559,900

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,945
Property Tax -$382
Property Insurance -$74
HOA -$56
Property Management Fees -$99
CASH FLOW
-$326

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.

$559,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.5%
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

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$154,124

INVESTMENT

$154,124

Down Payment
$139,975
Rehab Estimate
$5,750
Closing Costs
$8,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $139,975
Loan Amount $419,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,066

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9453$2,2004$2,2305$2,300
$2,300
RENT COMPS ANALYSIS
  • 2731 E Valencia Street Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,416 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,416 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.92
    •  
  • 3292 E Sheffield Road Gilbert, AZ 1
    • 3 beds 2 baths ∙ 2,237 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,237 Sqft ∙ Built 2012
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 3335 E Sheffield Road Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.85
    •  
  • 2572 E Bart Street Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.85
    •  
  • 2631 E Los Alamos Court Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 2000
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
PROPERTY LISTING DETAILS
Frank Gerola
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178158
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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