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3131 E Hampton Lane Gilbert, AZ 85295

4 Beds 3 Baths 2,862 sqft Built 2003

$662,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $231.31
  • 2 Days on Market
  • MLS # : 6206680
  • Updated Date : 03/12/2021 at 23:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,862 sqft
  • Baths : 3 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Gilbert one-story home offers a patio, and a three-car garage.

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
 

$595,800$728,200$662,000

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 -$2,299
Property Tax -$452
Property Insurance -$83
HOA -$23
Property Management Fees -$99
CASH FLOW
-$606

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.

$662,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.35%

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-$10k-$5.0k$0.0$5.0k$10k$15k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$181,180

INVESTMENT

$181,180

Down Payment
$165,500
Rehab Estimate
$5,750
Closing Costs
$9,930

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,299

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $165,500
Loan Amount $496,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,116

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
  • $0.82

    LIST RENT PER SQFT
  • $2,325

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3003$2,3504$2,3955$2,450
$2,450
RENT COMPS ANALYSIS
  • 3131 E Hampton Lane Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.82
    •  
  • 3277 E Carla Vista Drive Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,708 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,708 Sqft ∙ Built 2008
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.81
    •  
  • 3101 E Boston Street Gilbert, AZ 2
    • 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
    •  
  • 3535 E Oakland Street Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,708 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,708 Sqft ∙ Built 2011
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.88
    •  
  • 3287 E Geronimo Court Gilbert, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jacqueline Moore
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206680
Last Updated: 03/12/2021
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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