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3478 E Flower Street Gilbert, AZ 85298

4 Beds 3 Baths 2,356 sqft Built 2004

$470,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $199.49
  • 8 Days on Market
  • MLS # : 6188078
  • Updated Date : 01/31/2021 at 15:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,356 sqft
  • Baths : 2 full , 1 half
Listing Agent

Maclay Real Estate

Listing Agent's Description

currently rented to long term excellent tenants at $ 2000 per month til 2/28/23 we are selling to investor buyers only.. Located in the very nice and upscale community of Seville in Gilbert AZ this four bedroom, 2.5 bath house is ready for you to move in! Very nice backyard that is landscaped and has a swimming pool. Master suite is downstairs with a private room next door, perfect for an office; other three bedrooms are upstairs plus a small loft and Media bonus game room. Separate formal living/ dining and family rooms.Located in an outstanding school district(basha high school) and near seville golf course.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$423,000$517,000$470,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,632
Property Tax -$328
Property Insurance -$73
HOA -$12
Property Management Fees -$99
CASH FLOW
-$65

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.

$470,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.44%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$20,931

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
  • $2,232

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9183$2,1954$2,2755$2,300
$2,300
RENT COMPS ANALYSIS
  • 3478 E Flower Street Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6248 S Moccasin Trail Gilbert, AZ 2
    • 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 2003
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,918
    • $0.85
    •  
  • 6251 S Legend Court Gilbert, AZ 3
    • 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 2002
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.98
    •  
  • 3498 E Vernon Street Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,356 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,356 Sqft ∙ Built 2004
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.97
    •  
  • 3543 E Anika Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2005
    property image
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
PROPERTY LISTING DETAILS
Bradley Maclay
Maclay Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188078
Last Updated: 01/31/2021
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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