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334 W Loma Vista Street Gilbert, AZ 85233

5 Beds 3 Baths 3,391 sqft Built 1996

$624,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $184.02
  • 4 Days on Market
  • MLS # : 6204146
  • Updated Date : 03/19/2021 at 16:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,391 sqft
  • Baths : 3 full
Listing Agent

Call Realty, Inc.

Listing Agent's Description

Must see exceptionally updated home. The new paver walkway leads to the French door entryway. An elegant two story foyer with a sweeping staircase and wood plank tile runs throughout the main floor. The remodeled kitchen has large island, stainless steel appliances and beautiful granite countertops, overlooking the family room. Upstairs is the oversized master suite, large walk in closet and updated master bath, the 4 large bedrooms and second updated bath. Home is complete with a spacious bonus room and an office/virtual learning room.The oversized backyard is an oasis with remodeled heated diving pool with spa, mature citrus and pomegranate trees and large covered patio for entertaining. The paver walkway leads to the garage access door and RV gate. Home is in Chandler School District.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho del Verde

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Rancho del Verde

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9201981

* 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
Willis Junior High School Middle Regular 947 51 6
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Willis Junior High School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 51
6
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$561,600$686,400$624,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,167
Property Tax -$395
Property Insurance -$93
HOA -$42
Property Management Fees -$99
CASH FLOW
-$367

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.

$624,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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-$10k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,110

INVESTMENT

$171,110

Down Payment
$156,000
Rehab Estimate
$5,750
Closing Costs
$9,360

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,167

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,000
Loan Amount $468,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,188

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,611

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,3953$2,4304$2,4955$2,800
$2,800
RENT COMPS ANALYSIS
  • 334 W Loma Vista Street Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,391 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,391 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.72
    •  
  • 533 N Kimberlee Way Chandler, AZ 1
    • 5 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.77
    •  
  • 562 N Kimberlee Way Chandler, AZ 2
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 1999
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.77
    •  
  • 2225 E Detroit Street Chandler, AZ 4
    • 4 beds 4 baths ∙ 3,460 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,460 Sqft ∙ Built 1999
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.72
    •  
  • 2145 E Oakland Street Chandler, AZ 5
    • 6 beds 5 baths ∙ 3,433 Sqft ∙ Built 2004 6 beds 5 baths ∙ 3,433 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.82
    •  
PROPERTY LISTING DETAILS
Michelle L. Hinton
Call Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204146
Last Updated: 03/19/2021
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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