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2745 E Gillcrest Road Gilbert, AZ 85298

5 Beds 3 Baths 3,176 sqft Built 2015

$514,999

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $162.15
  • 4 Days on Market
  • MLS # : 6189513
  • Updated Date : 02/05/2021 at 23:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,176 sqft
  • Baths : 3 full
Listing Agent

Rhouse Realty

Listing Agent's Description

Fantastic 5 bed (plus den & loft) / 3 bath two-story home in the highly sought after Adoral Trails. Mountain views & no neighbors behind is a plus! Popular floor plan w/ one bedroom & a full bathroom downstairs. Great kitchen w/ gas stove & plenty of counter & cabinet space, along w/ a peninsula w/ bartop seating. Versatile loft makes great home office, play/game room or additional common area. Spacious master w/ huge walk-in closet & master bath w/ dual sinks, large shower & private toilet. Adora Trails is a family-friendly community w/ endless amenities including heated community pool, clubhouse, rec room, lounge, fitness center, several parks, picnic/BBQ areas & over 12 miles of walking trails. Located in the award winning Chandler Unified School District w/

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
 

$463,499$566,499$514,999

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,789
Property Tax -$360
Property Insurance -$89
HOA -$104
Property Management Fees -$99
CASH FLOW
$90

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.

$514,999

PROJECTED PRICE

$2,530

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,249
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$34,975

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
  • $2,803

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,2904$2,7455$3,200
$3,200
RENT COMPS ANALYSIS
  • 2745 E Gillcrest Road Gilbert, AZ 1
    • 5 beds 3 baths ∙ 3,176 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,176 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1877 E Dubois Avenue Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,873 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,873 Sqft ∙ Built 2007
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 2159 E Galileo Drive Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2012
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.80
    •  
  • 2757 E Bellerive Drive Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2017
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,745
    • $0.96
    •  
  • 7583 S Penrose Drive Gilbert, AZ 5
    • 4 beds 4 baths ∙ 3,219 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,219 Sqft ∙ Built 2017
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
Rachael Richards
Rhouse Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189513
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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