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3424 E Bartlett Drive Gilbert, AZ 85234

5 Beds 3 Baths 2,234 sqft Built 2008

$370,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $165.62
  • 3 Days on Market
  • MLS # : 6154837
  • Updated Date : 11/01/2020 at 12:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,234 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran

Listing Agent's Description

Perfect Gilbert location! This 5 bed, 2.5 bath plus loft property is located near shopping and minutes from US60 in Cameron Ranch! The spacious downstairs has upgraded wood look tile flooring throughout that you are greeted with as soon as you walk in. The large kitchen offers ample cabinet and counter space with island and a huge pantry. The master bedroom includes a private bath with double sinks and a spacious walk-in closet for all your belongings. Master bathroom was recently remodeled to an oversized walk-in shower and expanded linen closet. Solar hot water heater for efficiency along with a gas one. The beautiful backyard includes a cozy covered patio and a large grassy area, perfect for spending quality time with friends and loved ones! Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cameron Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k446k

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

Neighborhood: Cameron Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361981

* 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
Carol Rae Ranch Elementary School Primary Regular 594 37 7
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8

Carol Rae Ranch Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 37
7
GreatSchools Rating

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,365
Property Tax -$219
Property Insurance -$71
HOA -$60
Property Management Fees -$99
CASH FLOW
$76

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.

$370,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

11530$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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$32,533

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
  • $2,016

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,8954$2,0505$2,350
$2,350
RENT COMPS ANALYSIS
  • 3424 E Bartlett Drive Gilbert, AZ 1
    • 5 beds 3 baths ∙ 2,234 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,234 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1144 N Sunnyvale Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 3539 E Bartlett Drive Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2012
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
  • 1173 N Sunnyvale Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 1256 N Banning Street Gilbert, AZ 5
    • 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1997
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.96
    •  
PROPERTY LISTING DETAILS
Sarah Gates
Keller Williams Realty Sonoran
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154837
Last Updated: 11/01/2020
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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