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2897 S Birch Way Gilbert, AZ 85295

4 Beds 3 Baths 2,857 sqft Built 2003

$629,900

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $220.48
  • 5 Days on Market
  • MLS # : 6183137
  • Updated Date : 01/23/2021 at 18:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,857 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

LOOK NO FURTHER!! This beautifully VIP built 2X6 constructed home spares not one detail. It has been meticulously remodeled from top to bottom! As you pull up to the property you'll notice the large oversized driveway and well manicured landscape with an RV gate and pavers galore. Walking up to the front door, there is a large covered porchfront where you feel a true sense of privacy with such wideset lots. Upon entering, you can't help but get the feeling these sellers had no intentions of moving. The newly remodeled gourmet kitchen boasts custom stacked soft close white cabinetry, glass uppers, 5 burner gas cooktop, upgraded stainless steel appliances, oversized hood, upgraded thick granite countertops, farmhouse sink, under cabinet lighting, ornate backsplash, HUGE walk in pantry with

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Allen Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k527k

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

Neighborhood: Allen Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10362437

* 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
Quartz Hill Elementary School Primary Regular 711 38 9
Quartz Hill Elementary School Middle Regular 711 38 9
Campo Verde High School High Regular 2,094 86 8

Quartz Hill Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 38
9
GreatSchools Rating

Quartz Hill Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 38
9
GreatSchools Rating

Campo Verde High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 86
8
GreatSchools Rating
 

$566,910$692,890$629,900

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,188
Property Tax -$370
Property Insurance -$83
HOA -$107
Property Management Fees -$99
CASH FLOW
-$527

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.

$629,900

PROJECTED PRICE

$2,320

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,069

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
  • $2,478

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9753$2,2504$2,5505$2,595
$2,595
RENT COMPS ANALYSIS
  • 2897 S Birch Way Gilbert, AZ 1
    • 5 beds 3 baths ∙ 2,857 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,857 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2903 E Detroit Street Chandler, AZ 2
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2016
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.77
    •  
  • 2586 E Remington Place Chandler, AZ 3
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.87
    •  
  • 125 E Chelsea Lane Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2014
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.92
    •  
  • 901 E Frances Lane Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,855 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,855 Sqft ∙ Built 2005
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.91
    •  
PROPERTY LISTING DETAILS
Dalton Hidalgo
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183137
Last Updated: 01/23/2021
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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