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3277 E Franklin Avenue Gilbert, AZ 85295

3 Beds 2 Baths 2,085 sqft Built 2007

$495,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $237.41
  • 1 Days on Market
  • MLS # : 6263483
  • Updated Date : 07/13/2021 at 16:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,085 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

An ideal Gilbert location near Agritopia, San Tan Mall, Cosmo Dog Park & the 202. This original owner Lyon's Gate Sahara model is N/S facing on a tree lined street and features eco friendly solar panels to beat the heat, plus a Nest thermostat & rain water collecting system. The freshly painted interior has room for all. Two massive living areas & 3 bedrooms. A 4th room, currently used for media studio, can be your 4th bedroom/office/gym or home school. A French country range hood and elegant pressed tin backsplash showcase a 5 burner GAS cooktop. A new commercial grade pull-down faucet shines at the breakfast bar. The low maintenance yard features a ramada & paved patio area. Cool off in the 3 community pools - one at the end of your block! Plus 8 playgrounds and highly rated schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lyons Gate

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Lyons Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9221981

* 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
 

$445,500$544,500$495,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,719
Property Tax -$338
Property Insurance -$68
HOA -$60
Property Management Fees -$99
CASH FLOW
-$364

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.

$495,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,775

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,080

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9203$2,0954$2,1505$2,330
$2,330
RENT COMPS ANALYSIS
  • 3277 E Franklin Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 2,085 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,085 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.92
    •  
  • 3468 E Liberty Lane Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2010
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 3314 E Sheffield Road Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2012
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.94
    •  
  • 1867 S Seton Avenue Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2008
    LEASED 04/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.03
    •  
  • 3293 E Sheffield Road Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2012
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.04
    •  
PROPERTY LISTING DETAILS
Theresa E Shaw
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263483
Last Updated: 07/13/2021
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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