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2841 E Bellflower Drive Gilbert, AZ 85298

4 Beds 3 Baths 3,446 sqft Built 2015

$775,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $224.90
  • 4 Days on Market
  • MLS # : 6171810
  • Updated Date : 01/02/2021 at 03:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,446 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Enjoy Resort Style Living at this Single Story Gated Home located in top rated Chandler Unified School District! Expansive San Tan Mountain views from inside and outside! Enjoy the sparkling POOL and SPA! Lounge on the covered patio, entertain and dine al fresco at the BBQ, outdoor beverage center and bar. Open concept kitchen with huge granite island and breakfast bar, all Stainless Steel appliances: DUAL wall ovens, Gas Cooktop, sleek oven hood, dishwasher and built in microwave! Massive Walk In Pantry! Separate Office near Entry, Bonus Room/Teen Room near Kitchen. Dining Room can flex into an office, playroom, learning space/homeschool, music room, etc. Owner's Suite has a walk in Closet and French Door to Patio. Dual sinks, soaking tub and separate shower in Owner's Bathroom.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361987

* 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
Patterson Elementary School Primary Regular 959 49 9
Patterson Elementary School Middle Regular 959 49 9
Basha High School High Regular 2,646 125 8

Patterson Elementary School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 49
9
GreatSchools Rating

Patterson Elementary School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 49
9
GreatSchools Rating

Basha High School

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

$697,500$852,500$775,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,859
Property Tax -$491
Property Insurance -$94
HOA -$150
Property Management Fees -$99
CASH FLOW
-$844

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.

$775,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,091

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,757

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,8003$2,8504$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 2841 E Bellflower Drive Gilbert, AZ 3
    • 4 beds 3 baths ∙ 3,446 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,446 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.83
    •  
  • 4633 E Gleneagle Drive Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,291 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,291 Sqft ∙ Built 2005
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.76
    •  
  • 2026 E Flintlock Drive Gilbert, AZ 2
    • 5 beds 4 baths ∙ 3,582 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,582 Sqft ∙ Built 2012
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.78
    •  
  • 2373 E Lindrick Drive Gilbert, AZ 4
    • 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2014
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
  • 2187 E Galileo Drive Gilbert, AZ 5
    • 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 2013
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
PROPERTY LISTING DETAILS
Kim Catalanotto
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171810
Last Updated: 01/02/2021
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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