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3289 E San Angelo Avenue Gilbert, AZ 85234

3 Beds 3 Baths 2,146 sqft Built 1998

$415,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $193.38
  • 2 Days on Market
  • MLS # : 6163653
  • Updated Date : 11/21/2020 at 17:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,146 sqft
  • Baths : 3 full
Listing Agent

Unique Homes Realty, Inc

Listing Agent's Description

Fantastic home with a pool in a great location! This is a 2146 sq ft home with 3-Bedrooms, 3-Bathrooms, plus a Den. Close to the US-60 and 202 Freeway. Many recent upgrades, including new porcelain tile floor, upgraded kitchen with quartz countertops, upgraded bathrooms, Pebble-Tec pool with new pump and vacuum, new sun shades on windows, and much more! The A/C unit was replaced in 2017. Den has a built-in redwood desk which is perfect for working remotely. Great neighborhood with a park across the street. You won't want to miss out on this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361987

* 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
Carol Rae Ranch Elementary School Primary Regular 594 37 7
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8

Carol Rae Ranch Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 37
7
GreatSchools Rating

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,531
Property Tax -$246
Property Insurance -$69
HOA -$62
Property Management Fees -$99
CASH FLOW
-$157

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.

$415,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$15,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,039

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9004$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 3289 E San Angelo Avenue Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 1144 N Sunnyvale Avenue Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 3917 E Stanford Avenue Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 1173 N Sunnyvale Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 3591 E Melody Lane Gilbert, AZ 5
    • 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 2007
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jo Ann M Marrese
Unique Homes Realty, Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163653
Last Updated: 11/21/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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