Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2821 E Los Alamos Court Gilbert, AZ 85295

4 Beds 3 Baths 1,867 sqft Built 2000

$389,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $208.36
  • 4 Days on Market
  • MLS # : 6191478
  • Updated Date : 02/20/2021 at 16:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,867 sqft
  • Baths : 2 full , 1 half
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

This beautiful Gilbert two story home sits on a premium 10,000 sqft lot at the end of a cul-de-sac! With four bedrooms and newer kitchen with white cabinet combo and new quartz countertops and stainless steel appliances including double oven. First floor has wood-look plank tile and the and flooring upstairs is brand new! All bedrooms upstairs, 2 full bathrooms and laundry upstairs as well. Half bath and no option for a bedroom downstairs. New toilets, fixtures and hardware. No neighbors to the East or South or directly to the North. Lot is oversized/sits next to a green belt with view fence along greenbelt. RV gate with room for an extended driveway or room for parking/storage. Enjoy Gilbert living with this ideal location to schools, San Tan Mall, dining and freeway access.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crossings at Crossroads

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Crossings at Crossroads

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9471981

* 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
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,351
Property Tax -$266
Property Insurance -$64
HOA -$20
Property Management Fees -$99
CASH FLOW
-$100

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.

$389,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$14,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,760

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7004$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 2821 E Los Alamos Court Gilbert, AZ 3
    • 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 1867 S Tucana Lane Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2007
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.97
    •  
  • 2851 E Bart Street Gilbert, AZ 2
    • 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 1897 S Tucana Lane Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 1879 S Tucana Lane Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
PROPERTY LISTING DETAILS
Debbie Kimball
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191478
Last Updated: 02/20/2021
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.

BESbswy