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3139 E Battala Court Gilbert, AZ 85297

4 Beds 3 Baths 2,361 sqft Built 2012

$480,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $203.30
  • 3 Days on Market
  • MLS # : 6191863
  • Updated Date : 02/14/2021 at 01:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,361 sqft
  • Baths : 3 full
Listing Agent

Valley Casa Realty, Inc

Listing Agent's Description

Located in a prime location in Gilbert, Arizona, just minutes from the loop 202, grocery stores, restaurants and shopping! Beautiful kitchen with granite countertops, a large island & 2 pantry's, open to the great room w/ surround sound. Four large bedrooms, one of the guests bedrooms has a full en-suite. Plus a separate office space. Step out back to the meticulously well kept back yard, featuring an organic garden- perfect for gatherings or just to sit & relax. Backyard does have an outlet for your future spa & also has a gas stub for future BBQ. The stunning lake & inviting parks are just some of the wonderful qualities you'll love about Stratland Estates.

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
Sossaman Middle School Middle Unknown 901 44 NA
Higley High School High Regular 1,596 70 7

Sossaman Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 44
NA
GreatSchools Rating

Higley High School

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

$432,000$528,000$480,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,667
Property Tax -$328
Property Insurance -$73
HOA -$28
Property Management Fees -$99
CASH FLOW
$35

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.

$480,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$29,555

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,042

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9503$1,9954$2,0955$2,230
$2,230
RENT COMPS ANALYSIS
  • 3139 E Battala Court Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.94
    •  
  • 3636 E Warbler Road Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.87
    •  
  • 3893 E Claxton Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2007
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 4369 S Hemet Street Gilbert, AZ 3
    • 5 beds 3 baths ∙ 2,312 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,312 Sqft ∙ Built 2004
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 3804 S Shiloh Way Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,514 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,514 Sqft ∙ Built 2000
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.83
    •  
PROPERTY LISTING DETAILS
Rosanne M. Hunter
Valley Casa Realty, Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191863
Last Updated: 02/14/2021
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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