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3504 E Isaiah Avenue Gilbert, AZ 85298

4 Beds 3 Baths 3,005 sqft Built 2008

$665,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $221.30
  • 4 Days on Market
  • MLS # : 6192475
  • Updated Date : 02/20/2021 at 22:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,005 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Luxury Living in the Seville community! Stunning Home on a Premium Golf Course Lot - golf course views behind and community space to the right side, means neighbors on just one side! Gourmet kitchen package with built-in GE Monogram fridge, 42'' upper cabinets, gas cooktop, and lots of storage space. Family Room features a custom Stone Creek entertainment center and built-in surround sound. One bedroom and full bath downstairs. Owner's Suite includes a full bath with separate tub & shower, huge walk-in closet, dual vanities, and balcony that overlooks the back yard and golf course. Back Yard features a sparkling play pool and spa, large covered patio, gas fireplace, natural gas line for barbecue grill. Lots of built-in garage storage. Most furniture is available on separate bill of sale.

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.
 

$598,500$731,500$665,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,310
Property Tax -$464
Property Insurance -$86
HOA -$11
Property Management Fees -$99
CASH FLOW
-$340

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.

$665,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.40%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$181,975

INVESTMENT

$181,975

Down Payment
$166,250
Rehab Estimate
$5,750
Closing Costs
$9,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,310

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $166,250
Loan Amount $498,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,629

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,5954$2,6305$2,700
$2,700
RENT COMPS ANALYSIS
  • 3504 E Isaiah Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.88
    •  
  • 6758 S Rachael Way Gilbert, AZ 1
    • 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
    •  
  • 4129 E Clubview Drive Gilbert, AZ 2
    • 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
    •  
  • 3160 E Muirfield Street Gilbert, AZ 3
    • 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2004
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.85
    •  
  • 6692 S Lyon Drive Gilbert, AZ 5
    • 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2013
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
Michael Smith
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192475
Last Updated: 02/20/2021
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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