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2906 S Birch Street Gilbert, AZ 85295

5 Beds 4 Baths 3,360 sqft Built 2002

$625,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $186.01
  • 4 Days on Market
  • MLS # : 6159586
  • Updated Date : 12/04/2020 at 10:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,360 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

STUNNING HOME IN ALLEN RANCH! Prime Gilbert location minutes to San Tan Mall, Downtown Gilbert, 202 freeway, Rivulon business park and restaurants AND top rated schools! This wonderful home features 5 bedrooms + den + loft and 3.5 bath! You will love the stunning facade, grassy landscape, refreshing pool and 3 car garage. This home has it all! Inside you will find a spacious formal living/dining room and an updated kitchen that opens up to the family room. Home has updated fixtures, plantation shutters and neutral paint. Downstairs you will also find an office/den + a bedroom with full bath, perfect for guests! Upstairs is split with spacious master and loft with 3 more bedrooms and full bath. The wonderful backyard includes a covered patio, plenty of grass and a sparkling pool. Hurry!

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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,306
Property Tax -$368
Property Insurance -$93
HOA -$96
Property Management Fees -$99
CASH FLOW
-$321

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.

$625,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.42%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$16,763

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
  • $2,436

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3954$2,3955$2,595
$2,595
RENT COMPS ANALYSIS
  • 2906 S Birch Street Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,360 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,360 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3182 S Corrine Court Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,621 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,621 Sqft ∙ Built 2003
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.64
    •  
  • 533 N Kimberlee Way Chandler, AZ 3
    • 5 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.77
    •  
  • 562 N Kimberlee Way Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.77
    •  
  • 251 E Bernie Lane Gilbert, AZ 5
    • 4 beds 3 baths ∙ 3,593 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,593 Sqft ∙ Built 2000
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.72
    •  
PROPERTY LISTING DETAILS
Jacquelyn E Shoffner
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159586
Last Updated: 12/04/2020
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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