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3180 S Riata Court Gilbert, AZ 85295

6 Beds 4 Baths 4,011 sqft Built 2003

$825,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $205.68
  • 3 Days on Market
  • MLS # : 6205670
  • Updated Date : 03/28/2021 at 01:22
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,011 sqft
  • Baths : 4 full
Listing Agent

Exp Realty

Listing Agent's Description

This is it...the one you have been waiting for! Fantastic basement home in Vintage Ranch! Curb appeal is off the charts with stone accents, front courtyard with seating area, and a beautiful decorative wrought iron front door. The backyard is an oasis with a gorgeous pool/spa, travertine deck, tropical landscape, plenty of grass, and an oversized covered patio. Inside you will find soaring ceilings, plantation shutters throughout, designer paint, a completely remodeled kitchen! Main level features 4 bedrooms, 3 baths and large formal and family rooms. Master bedroom has backyard access, dual vanity, separate shower and tub along with a large walk-in closet. Basement features 2 more bedrooms, a full bath and a bonus room perfect for a theatre or game room! 3 car garage is spacious and

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vintage Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k574k

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

Neighborhood: Vintage Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10362635

* 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
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8
South Valley Jr. High School Middle Unknown NA

South Valley Jr. High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 53
9
GreatSchools Rating

Campo Verde High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 86
8
GreatSchools Rating

South Valley Jr. High School

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

$742,500$907,500$825,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$2,866
Property Tax -$485
Property Insurance -$105
HOA -$30
Property Management Fees -$99
CASH FLOW
-$585

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.

$825,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,115

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$2,9954$3,200
$3,200
RENT COMPS ANALYSIS
  • 3180 S Riata Court Gilbert, AZ 1
    • 6 beds 4 baths ∙ 4,011 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,011 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3211 E Lark Drive Chandler, AZ 2
    • 5 beds 5 baths ∙ 3,914 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,914 Sqft ∙ Built 2003
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.73
    •  
  • 2089 S Sailors Way Gilbert, AZ 3
    • 6 beds 4 baths ∙ 3,950 Sqft ∙ Built 2004 6 beds 4 baths ∙ 3,950 Sqft ∙ Built 2004
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.76
    •  
  • 1345 E Lovebird Court Gilbert, AZ 4
    • 6 beds 4 baths ∙ 3,787 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,787 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.84
    •  
PROPERTY LISTING DETAILS
Jacquelyn E Shoffner
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205670
Last Updated: 03/28/2021
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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