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2999 E Vermont Drive Gilbert, AZ 85295

5 Beds 4 Baths 3,371 sqft Built 2004

$570,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $169.09
  • 3 Days on Market
  • MLS # : 6180996
  • Updated Date : 01/17/2021 at 00:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,371 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Vaulted ceiling entry opens to spacious 5 bd/3.5bth home on a 10,000 sq ft lot. Home offers 1 bed with walk-in closet & 1.5 baths on 1st floor along with formal living & dining, family room & entertainers kitchen with 42'' raised maple cabinets with hardware, KitchenAid appliances including dble ovens with convection cooking, glass cook top, (gas stub at cook top), & dishwasher. Ceramic tile in walkways & wet areas, new carpet T/O. Upstairs master offers separate soaking tub & oversized shower, raised vanity dble sinks & lg walk-in closet. Lg loft with storage closet. Arcadia door off kitchen leads to the pebble tech pool with slide & spa with extended cool deck patio & grassy play area, 3 car split garage & extended driveway. Community parks, close to HWY, shopping & restaurants.

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
Chaparral Elementary School Primary Regular 859 47 8
Chaparral Elementary School Middle Regular 859 47 8
Williams Field High School High Regular 1,705 64 7

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 47
8
GreatSchools Rating

Chaparral Elementary School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 47
8
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$513,000$627,000$570,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,980
Property Tax -$389
Property Insurance -$93
HOA -$23
Property Management Fees -$99
CASH FLOW
$136

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.

$570,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,980

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$43,768

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,697

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4503$2,7004$2,7205$2,850
$2,850
RENT COMPS ANALYSIS
  • 2999 E Vermont Drive Gilbert, AZ 4
    • 5 beds 4 baths ∙ 3,371 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,371 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.81
    •  
  • 3101 E Boston Street Gilbert, AZ 1
    • 4 beds 3 baths ∙ 3,043 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,043 Sqft ∙ Built 2004
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
  • 3287 E Geronimo Court Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 2004
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.80
    •  
  • 3348 E Geronimo Court Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,324 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,324 Sqft ∙ Built 2003
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.81
    •  
  • 3325 E Geronimo Court Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,423 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,423 Sqft ∙ Built 2003
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.83
    •  
PROPERTY LISTING DETAILS
Gigi Roberts-roach
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180996
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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