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3067 E Maplewood Street Gilbert, AZ 85297

4 Beds 3 Baths 2,834 sqft Built 2011

$549,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $193.72
  • 1 Days on Market
  • MLS # : 6182151
  • Updated Date : 01/17/2021 at 00:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,834 sqft
  • Baths : 2 full , 1 half
Listing Agent

Guardian Realty

Listing Agent's Description

Come see this beautifully maintained home located in the highly desirable neighborhood of Stratland Estates. Recently updated features include granite countetops, cooktop, granite sink and touchless faucet in the kitchen. Tile and laminate flooring throughout home. A custom gate greets you as you enter the courtyard. The home features 4 bedrooms, a formal dining and a private office and a butlers pantry accessible from the kitchen or dining. Private corner lot with only single story homes adjacent on 2 sides. Easy access to the 202 and minutes away from shopping and medical facilities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stratland Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k474k

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

Neighborhood: Stratland Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10362515

* 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
San Tan Elementary School Primary Regular 654 32 9
San Tan Elementary School Middle Regular 654 32 9
Higley High School High Regular 1,596 70 7

San Tan Elementary School

  • Education Level: Primary
  • # of students: 654
  • # of teachers: 32
9
GreatSchools Rating

San Tan Elementary School

  • Education Level: Middle
  • # of students: 654
  • # of teachers: 32
9
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,907
Property Tax -$375
Property Insurance -$82
HOA -$28
Property Management Fees -$99
CASH FLOW
-$61

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.

$549,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,907

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$25,529

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,451

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3504$2,4305$2,795
$2,795
RENT COMPS ANALYSIS
  • 3067 E Maplewood Street Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.86
    •  
  • 3544 E Cabrillo Court Gilbert, AZ 1
    • 5 beds 3 baths ∙ 2,665 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,665 Sqft ∙ Built 2001
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 3016 E Wyatt Way E Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
  • 3924 S Moccasin Trail Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2003
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.83
    •  
  • 3077 E Maplewood Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2011
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Penny Johnson
Guardian Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182151
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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