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3315 E Los Altos Road Gilbert, AZ 85297

5 Beds 4 Baths 3,646 sqft Built 2000

$530,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $145.36
  • 4 Days on Market
  • MLS # : 6166946
  • Updated Date : 12/03/2020 at 12:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,646 sqft
  • Baths : 3 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

Get ready to fall in love with this stunning & well cared home! The immaculate interior was thoughtfully laid out with multi-zones that gives you endless possibilities of entertainment, making this an entertainer's dream for great memories. The gourmet kitchen, quartz counter, SS appliances, a center island w/breakfast bar, beautiful cabinets, and a pantry. Upstairs, you'll find the split & roomy master retreat which has a master bath for all the privacy you'll need. Master bath is comprised of separate tub/shower, double sinks, and a walk-in closet. You'll be impressed by the amazing backyard boasting a fire-pit area, green grass, sunken ramada w/built-in BBQ & swim up bar, pristine pool w/boulder waterfall & slide, and above-ground spa with alumawood pergola. The perfect lifestyle home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Tan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: San Tan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371981

* 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
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,955
Property Tax -$362
Property Insurance -$98
HOA -$13
Property Management Fees -$99
CASH FLOW
$162

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.

$530,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$53,002

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
  • $2,871

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,7004$2,8505$2,850
$2,850
RENT COMPS ANALYSIS
  • 3315 E Los Altos Road Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,646 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,646 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4471 S Franks Place Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,593 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,593 Sqft ∙ Built 2001
    property image
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.69
    •  
  • 3348 E Geronimo Court Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,324 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,324 Sqft ∙ Built 2003
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.81
    •  
  • 2875 E Wildhorse Drive Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,479 Sqft ∙ Built 2012 5 beds 3 baths ∙ 3,479 Sqft ∙ Built 2012
    property image
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.82
    •  
  • 3325 E Geronimo Court Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,423 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,423 Sqft ∙ Built 2003
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jessica Santa Cruz
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166946
Last Updated: 12/03/2020
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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