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299 W Sheffield Avenue Gilbert, AZ 85233

3 Beds 2 Baths 1,279 sqft Built 1997

$330,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $258.01
  • 3 Days on Market
  • MLS # : 6190633
  • Updated Date : 02/05/2021 at 22:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,279 sqft
  • Baths : 2 full
Listing Agent

Denman Realty Group, L.l.c

Listing Agent's Description

This is a great home in a great location. Minutes from downtown Gilbert and wonderful dining. Quick access to both the US 60 and 202 San Tan freeways. The home has a wonderful floor plan that utilizes the space well. Garage was once a room and is fully insulated and duct work is in place. This home will not stay on the market long in this area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dave Brown Millett Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Dave Brown Millett Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9731981

* 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
South Valley Jr. High School Middle Regular 1,193 53 9
Mesquite High School High Regular 2,000 82 6
Mesquite Jr High School Middle Unknown NA

South Valley Jr. High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 53
9
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,146
Property Tax -$194
Property Insurance -$52
HOA -$19
Property Management Fees -$99
CASH FLOW
-$100

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.

$330,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,297

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
  • $1,404

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5954$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 299 W Sheffield Avenue Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,279 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,279 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 103 W Jasper Drive Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1998
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 1529 S Sahuaro Drive Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1998
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.09
    •  
  • 1562 S Monterey Street Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.09
    •  
  • 1425 S Monterey Street Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.09
    •  
PROPERTY LISTING DETAILS
Robert Merrill
Denman Realty Group, L.l.c
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190633
Last Updated: 02/05/2021
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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