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3094 E Stottler Drive Gilbert, AZ 85296

3 Beds 2 Baths 1,240 sqft Built 2002

$310,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $250.00
  • 2 Days on Market
  • MLS # : 6147770
  • Updated Date : 11/14/2020 at 20:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,240 sqft
  • Baths : 2 full
Listing Agent

Brokers Hub Realty, Llc

Listing Agent's Description

This secluded neighborhood is located in Gilbert's Fantastic 85296! Dual Pane Windows 2017! HVAC 2018! Flooring 2020! You will just love the feeling of privacy when you enter through your Private Courtyard Gate wrapping around your 2-car garage, leading you to your front door! As you enter the home you are greeted with beautiful light streaming through your Kitchen Skylight and Vaulted Ceilings! Just beyond the Great Room and Backyard you have views of lush landscaping, a beautiful greenbelt and nestled in the distance, you will find the playground equipment and community pool! HOA includes the front-yard maintenance too! The Owners suite is split from the other 2 bedrooms for added privacy! Lots of great Shopping and Restaurants nearby! About 3 miles away you will find...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Savino

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $110k358k

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

Neighborhood: San Savino

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9051981

* 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
Higley Traditional Academy Primary Regular 645 29 9
Higley Traditional Academy Middle Regular 645 29 9
Williams Field High School High Regular 1,705 64 7

Higley Traditional Academy

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 29
9
GreatSchools Rating

Higley Traditional Academy

  • Education Level: Middle
  • # of students: 645
  • # of teachers: 29
9
GreatSchools Rating

Williams Field High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,144
Property Tax -$212
Property Insurance -$51
HOA -$136
Property Management Fees -$99
CASH FLOW
-$252

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.

$310,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,395

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4953$1,5004$1,6105$1,795
$1,795
RENT COMPS ANALYSIS
  • 3094 E Stottler Drive Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.12
    •  
  • 2764 E Gila Court Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1999
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.13
    •  
  • 3621 E Horace Drive Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,347 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,347 Sqft ∙ Built 2006
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 2537 E Kent Avenue Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1997
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.12
    •  
  • 1498 S Colt Drive Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2013
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.14
    •  
PROPERTY LISTING DETAILS
Cindy Frisch
Brokers Hub Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6147770
Last Updated: 11/14/2020
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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