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3442 E Isaiah Avenue Gilbert, AZ 85298

3 Beds 3 Baths 2,740 sqft Built 2011

$699,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $255.11
  • 2 Days on Market
  • MLS # : 6157416
  • Updated Date : 11/07/2020 at 13:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,740 sqft
  • Baths : 3 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Welcome to this GOLF resort home on the 12th Fairway in SEVILLE! Pebble-sheen, self-cleaning lap-length POOL with a new heater & expansive private patio overlooking the water & golf course with the Superstition Mountains in the distance. GREAT ROOM design with an entertainer's Kitchen with two Islands, QUARTZ counters, Glass tile back splash, Stainless appliances, Gas Range & abundant cabinetry with custom lighting. Den or optional Dining Room opens to the Great Room. Master Retreat has a private Bonus Room for Fitness or Office. Master Bathroom with separate tub and shower, double sinks & two WALK-IN closets. Bedroom 2 w/private bathroom & Bedroom 3 w/walk-in closet. Flex Room is adjacent to secondary bedrooms. Extended 3 car garage. Flexible spaces and views Galore!. Check it out today!

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Riggs Elementary School Primary Regular 1,024 50 10
Riggs Elementary School Middle Regular 1,024 50 10
Casteel High School High Regular NA

Riggs Elementary School

  • Education Level: Primary
  • # of students: 1,024
  • # of teachers: 50
10
GreatSchools Rating

Riggs Elementary School

  • Education Level: Middle
  • # of students: 1,024
  • # of teachers: 50
10
GreatSchools Rating

Casteel High School

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

$629,100$768,900$699,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,579
Property Tax -$488
Property Insurance -$81
HOA -$12
Property Management Fees -$99
CASH FLOW
-$889

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.

$699,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.34%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$529

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,377

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,3003$2,3704$2,3955$2,500
$2,500
RENT COMPS ANALYSIS
  • 3442 E Isaiah Avenue Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,740 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,740 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.86
    •  
  • 2852 E Muirfield Street Gilbert, AZ 1
    • 3 beds 2 baths ∙ 2,405 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,405 Sqft ∙ Built 2014
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.85
    •  
  • 6758 S Rachael Way Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2007
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
  • 2900 E Killarney Street Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2016
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.90
    •  
  • 4129 E Clubview Drive Gilbert, AZ 5
    • 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kim Catalanotto
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157416
Last Updated: 11/07/2020
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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