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3354 E Hampton Lane Gilbert, AZ 85295

4 Beds 3 Baths 2,387 sqft Built 2002

$449,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $188.48
  • 4 Days on Market
  • MLS # : 6178317
  • Updated Date : 01/17/2021 at 04:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,387 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

BEAUTIFUL 4 bedroom, 2.5 bath 2387 sq ft home located in the highly sought after town of Gilbert! With an open floor plan, vaulted ceilings, gorgeous dining area and eye catching beautiful wood flooring, THIS HOME IS A STUNNER! The gorgeous kitchen has light colored cabinets, a pantry and tile laid diagonally. MASTER BEDROOM is located downstairs and the spacious upstairs is perfect for any family! With a Crystal Blue pool, the amazing backyard is perfect for entertaining! This one will not last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chaparral Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Chaparral Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9671981

* 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
Chaparral Elementary School Primary Regular 859 47 8
Chaparral Elementary School Middle Regular 859 47 8
Williams Field High School High Regular 1,705 64 7

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 47
8
GreatSchools Rating

Chaparral Elementary School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 47
8
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,563
Property Tax -$307
Property Insurance -$74
HOA -$20
Property Management Fees -$99
CASH FLOW
$88

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.

$449,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$32,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,160

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1003$2,1504$2,1505$2,285
$2,285
RENT COMPS ANALYSIS
  • 3354 E Hampton Lane Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.90
    •  
  • 3440 E Morelos Court Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 3238 E Fairview Street Gilbert, AZ 2
    • 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 2003
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 2263 S Annie Lane Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.89
    •  
  • 3351 E Oakland Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2008
    LEASED 12/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,285
    • $0.97
    •  
PROPERTY LISTING DETAILS
Leo Daigle
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178317
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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