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3541 E Eleana Lane Gilbert, AZ 85298

5 Beds 3 Baths 3,389 sqft Built 2005

$569,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $167.90
  • 2 Days on Market
  • MLS # : 6187891
  • Updated Date : 01/30/2021 at 20:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,389 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful 5 bedroom Home with pool. Grand entry stairs with nice rails. Newly painted interior and exterior. Great floor plan, 1 bedroom downstairs with full bath. Big pantry room, butlers cabinet area. Great backyard with your own private pool. Heated Pool. Artificial grass and low maintenance yard. Great neighborhood. Lots of parks within the subdivision.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marbella Vineyards

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k416k

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

Neighborhood: Marbella Vineyards

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10362270

* 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.
 

$512,100$625,900$569,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,976
Property Tax -$397
Property Insurance -$93
HOA -$23
Property Management Fees -$99
CASH FLOW
-$329

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.

$569,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,976

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,393

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
  • $2,474

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,2954$2,6505$2,750
$2,750
RENT COMPS ANALYSIS
  • 3541 E Eleana Lane Gilbert, AZ 1
    • 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3560 E Coconino Way Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.65
    •  
  • 6436 S Glory Court Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,379 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,379 Sqft ∙ Built 2004
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.68
    •  
  • 3296 E Tonto Court Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2007
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.78
    •  
  • 3518 E Eleana Lane Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.81
    •  
PROPERTY LISTING DETAILS
Edmundo B Villegas
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187891
Last Updated: 01/30/2021
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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