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3301 E Meadowview Drive Gilbert, AZ 85298

3 Beds 3 Baths 1,857 sqft Built 2008

$400,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $215.40
  • 5 Days on Market
  • MLS # : 6196081
  • Updated Date : 02/24/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,857 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

This stunning view home in desirable Seville is situated on a golf course lot with mountain & golf course views from virtually every room. This home has been completely renovated with fresh interior paint, brand new carpet and wood laminate flooring, interior doors and new fixtures and finishes throughout. Inside you are greeted by a wall of windows in the family room offering lots of natural light. The eat-in kitchen boasts new shaker style cabinets, granite countertops, new SS appliances, pantry and a breakfast bar overlooking the family room. The downstairs bedroom with a full bathroom is perfect as a guest or in-law suite. Gorgeous wrought-iron railings lead you upstairs to the master bedroom with walk-in closet, dual vanities, large soaking tub and walk-in shower. The 2nd master has

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Seville

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k388k

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

Neighborhood: Seville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362109

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,389
Property Tax -$279
Property Insurance -$63
HOA -$12
Property Management Fees -$99
CASH FLOW
-$163

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.

$400,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,857

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6803$1,7494$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 3301 E Meadowview Drive Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.90
    •  
  • 7052 S Bridal Vail Drive Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 3285 E Meadowview Drive Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 2008
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $1.04
    •  
  • 3231 E Sports Drive Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2010
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 3279 E Morning Star Lane Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2007
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
PROPERTY LISTING DETAILS
Eric Wiebe
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196081
Last Updated: 02/24/2021
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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