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3299 E Oriole Drive Gilbert, AZ 85297

3 Beds 2 Baths 1,715 sqft Built 2002

$361,700

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $210.90
  • 1 Days on Market
  • MLS # : 6158781
  • Updated Date : 11/14/2020 at 22:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,715 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Fabulous Gilbert home with RV Gate and Pad; Extended, high-profile garage; Pebble-Tech Play Pool with pop-up cleaning system & two 1.5 hp motor pumps; resurfaced pool decking; covered patio running the length of the home. High-end granite kitchen C-Tops; Large kitchen Island with deep, composite granite sink; 6-foot wide bi-fold door pantry. Updates in both bathrooms. HWH replaced in 2015. Owned; not leased; Solar Panels. Xtra blown-in insulation in 2011. New HVAC in 2012 with whole house filter. Sunscreens on East & West facing dual-pane windows. Cordless blinds. Ceiling fans thru-out. Established fruit trees. And, if all that doesn't flip your switch then how about close to entertainment, dining and other downtown Gilbert amenities. Come check this home out NOW!

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
San Tan Elementary School Primary Regular 654 32 9
San Tan Elementary School Middle Regular 654 32 9
Higley High School High Regular 1,596 70 7

San Tan Elementary School

  • Education Level: Primary
  • # of students: 654
  • # of teachers: 32
9
GreatSchools Rating

San Tan Elementary School

  • Education Level: Middle
  • # of students: 654
  • # of teachers: 32
9
GreatSchools Rating

Higley High School

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

$325,530$397,870$361,700

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,335
Property Tax -$247
Property Insurance -$61
HOA -$20
Property Management Fees -$99
CASH FLOW
-$111

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.

$361,700

PROJECTED PRICE

$1,650

PROJECTED RENT

0.46%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,601

INVESTMENT

$101,601

Down Payment
$90,425
Rehab Estimate
$5,750
Closing Costs
$5,426

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,335

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,425
Loan Amount $271,275
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$15,130

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
  • $1,762

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,7954$1,8805$2,000
$2,000
RENT COMPS ANALYSIS
  • 3299 E Oriole Drive Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3830 S Joshua Tree Lane Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2002
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.98
    •  
  • 3383 E Chickadee Road Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 2001
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.05
    •  
  • 4179 S Hemet Street Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2004
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.03
    •  
  • 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
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
PROPERTY LISTING DETAILS
Carla England
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158781
Last Updated: 11/14/2020
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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