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3551 E Loma Vista Street Gilbert, AZ 85295

4 Beds 3 Baths 3,378 sqft Built 2013

INVESTimate

$599,900

List Price

$2,450

$2,205 - $2,695

Rent Est.

$629,535  ( +4.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $177.59
  • 4 Days on Market
  • MLS # : 6121564
  • Updated Date : 08/22/2020 at 21:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,378 sqft
  • Baths : 3 full
Listing Agent

Flagstaff Real Estate Professionals

Listing Agent's Description

Stunning single level home offering 4 bedrooms with walk-in closets, flexroom/office, 2.5 bathrooms and new blinds throughout! A desirable area of Gilbert within the Higley Unified School District, this home offers a beautiful open floorpan with an amazing kitchen with upgraded knotty alder cabinets, large island; great for entertaining, beautiful granite counter tops, gas stove, and a HUGE walk-in pantry. Backyard includes an inviting patio with a large pergola, outdoor gas fireplace, play pool (pool stubbed for water feature), gas BBQ, turf grass, and plenty of space to play. Other home features include: 20 inch tile in main areas, surround sound in living room, Nest energy saving thermostats, RO system and water softener. Owner / Agent.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lyons Gate

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Lyons Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9221981

* 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
Higley Traditional Academy Primary Regular 645 29 9
Higley Traditional Academy Middle Regular 645 29 9
Williams Field High School High Regular 1,705 64 7

Higley Traditional Academy

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 29
9
GreatSchools Rating

Higley Traditional Academy

  • Education Level: Middle
  • # of students: 645
  • # of teachers: 29
9
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,213
Property Tax -$410
Property Insurance -$93
HOA -$60
Property Management Fees -$99
CASH FLOW
-$425

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.

$599,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.94%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$9,057

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
  • $2,778

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5004$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 3551 E Loma Vista Street Gilbert, 1
    • 4 beds 3 baths ∙ 3,378 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,378 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3305 E Windsor Drive Gilbert, 2
    • 5 beds 5 baths ∙ 3,102 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,102 Sqft ∙ Built 2006
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 1893 S Cole Drive Gilbert, 3
    • 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2005
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.79
    •  
  • 3348 E Geronimo Court Gilbert, 4
    • 5 beds 3 baths ∙ 3,324 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,324 Sqft ∙ Built 2003
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.81
    •  
  • 3454 E Megan Street Gilbert, 5
    • 5 beds 5 baths ∙ 3,200 Sqft ∙ Built 2012 5 beds 5 baths ∙ 3,200 Sqft ∙ Built 2012
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.88
    •  
PROPERTY LISTING DETAILS
Ryan A Harju
Flagstaff Real Estate Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121564
Last Updated: 08/22/2020
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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