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2865 E Bart Street Gilbert, AZ 85295

3 Beds 3 Baths 1,748 sqft Built 2007

$360,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $205.95
  • 2 Days on Market
  • MLS # : 6199012
  • Updated Date : 03/06/2021 at 18:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,748 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Located in the popular Gilbert community of Lyons Gate, this house is in a prime location! Home is move in ready with all appliances, a newer A/C, hot water heater, dishwasher & disposal. Plank flooring downstairs, pergola covered patio with artificial turf, large master & laundry upstairs. Walking distance to one of the community pools and huge park. Close to San Tan Mall, the coming soon Epicenter retail and dining, walking distance to restaurants/coffee shops and close to schools and freeway! This house sits at the end of the block so only one neighbor! Bonus, front yard landscaping included in HOA fees. Location, location, location!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lyons Gate

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Lyons Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9221981

* 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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,250
Property Tax -$246
Property Insurance -$61
HOA -$90
Property Management Fees -$99
CASH FLOW
-$36

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.

$360,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,704

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7103$1,7954$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 2865 E Bart Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.98
    •  
  • 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
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.97
    •  
  • 2741 E Bart Street Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2006
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.03
    •  
  • 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
    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
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
PROPERTY LISTING DETAILS
Cindy Sophia Bostinelos
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199012
Last Updated: 03/06/2021
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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