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

2953 E Parkview Drive Gilbert, AZ 85295

3 Beds 2 Baths 2,563 sqft Built 2001

$519,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $202.85
  • 3 Days on Market
  • MLS # : 6199512
  • Updated Date : 02/27/2021 at 00:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,563 sqft
  • Baths : 2 full
Listing Agent

Just Selling Az

Listing Agent's Description

Welcome home. This GORGEOUS 2563 SF home boasts 3 bedrooms, 2 bathrooms, high ceilings and TILE FLOORS throughout. You will love the location nestled into a quiet subdivision and just steps away from a massive GREENSPACE and playground. Step out into your RESORT STYLE BACKYARD featuring a huge covered patio, SPARKLING POOL with new variable speed pump, firepit area and BUILT IN BBQ. Lots of storage with the large laundry room & 3 CAR TANDEM GARAGE you will have everything you need, oh did I mention BRAND NEW WINDOWS installed in November 2020 with a 10 year transferable warranty. Call today, this home WILL NOT LAST LONG

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chaparral Estates West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k493k

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

Neighborhood: Chaparral Estates West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10362526

* 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
 

$467,910$571,890$519,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,806
Property Tax -$355
Property Insurance -$77
HOA -$23
Property Management Fees -$99
CASH FLOW
-$10

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.

$519,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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-$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$143,524

INVESTMENT

$143,524

Down Payment
$129,975
Rehab Estimate
$5,750
Closing Costs
$7,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,975
Loan Amount $389,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$28,106

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,191

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1953$2,3494$2,3505$2,650
$2,650
RENT COMPS ANALYSIS
  • 2953 E Parkview Drive Gilbert, AZ 4
    • 3 beds 2 baths ∙ 2,563 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,563 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.92
    •  
  • 3351 E Canyon Creek Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2002
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 3277 E Carla Vista Drive Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,708 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,708 Sqft ∙ Built 2008
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.81
    •  
  • 3296 E Hopkins Road Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.88
    •  
  • 2860 E Wyatt Way Gilbert, AZ 5
    • 4 beds 4 baths ∙ 2,758 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,758 Sqft ∙ Built 2012
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
John A Hetherington
Just Selling Az
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199512
Last Updated: 02/27/2021
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