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3509 E Amber Lane Gilbert, AZ 85296

4 Beds 3 Baths 2,747 sqft Built 2011

$595,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $216.60
  • 4 Days on Market
  • MLS # : 6192934
  • Updated Date : 02/13/2021 at 20:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,747 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Wow! Your dream home is calling! Get ready to fall in love with this spectacular 4 bedroom, 2.5 bathroom home with a den and a loft! Pulling up to the home, you are greeted by immaculate landscaping with a luscious lawn and a custom made front Security Door! Inside, there is fresh paint and neutral flooring throughout! Your stunning kitchen showcases gorgeous granite countertops, ample cabinet space, new stainless steel appliances (2020) including a French door refrigerator, and an island with a breakfast bar! Upstairs, your spacious master bedroom features a large walk-in closet, separate tub and shower, and a double sink vanity! Each of the bedrooms are vast in size and feature spacious walk-in closets! Your laundry room features a brand new washer and dryer that can be WiFi controlled.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakeview Trails North at Morrison Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k484k

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

Neighborhood: Lakeview Trails North at Morrison Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10362304

* 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
Greenfield Junior High School Middle Regular 917 44 9
Highland High School High Regular 3,065 123 8
Greenfield Junior High School Middle Unknown NA

Greenfield Junior High School

  • Education Level: Middle
  • # of students: 917
  • # of teachers: 44
9
GreatSchools Rating

Highland High School

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

Greenfield Junior High School

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

$535,500$654,500$595,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$2,067
Property Tax -$387
Property Insurance -$81
HOA -$37
Property Management Fees -$99
CASH FLOW
-$491

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.

$595,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,186

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
  • $2,191

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,8954$2,3995$2,495
$2,495
RENT COMPS ANALYSIS
  • 3509 E Amber Lane Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 953 S Almira Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2012
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.72
    •  
  • 826 S Henry Lane Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2013
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 3117 E Sagebrush Street Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2017
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.84
    •  
  • 3676 E Gideon Way Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.88
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192934
Last Updated: 02/13/2021
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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