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3286 E Kingbird Drive Gilbert, AZ 85297

3 Beds 2 Baths 1,735 sqft Built 2002

$395,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $227.67
  • 4 Days on Market
  • MLS # : 6205852
  • Updated Date : 03/18/2021 at 07:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,735 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

What a find! Lovely neighborhood . Great single level home in a fabulous location. Beautiful large yard professionally landscaped. Interior features 3 bedrooms, spacious family room and a Den. Kitchen features light brown cabinets, stainless steal, and great natural lighting.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Windmill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Windmill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9351981

* 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,372
Property Tax -$270
Property Insurance -$61
HOA -$21
Property Management Fees -$99
CASH FLOW
-$113

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.

$395,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,835

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7103$1,7954$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 3286 E Kingbird Drive Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.99
    •  
  • 4236 S Mariposa Drive Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,637 Sqft ∙ Built 2003
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 3791 E Sebastian Lane Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2004
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 3805 S Shiloh Way Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 2000
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.10
    •  
  • 3867 S Sunnyvale Avenue Gilbert, AZ 5
    • 4 beds 2 baths ∙ 1,905 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,905 Sqft ∙ Built 2001
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
PROPERTY LISTING DETAILS
Elease Daugherty
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205852
Last Updated: 03/18/2021
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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