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3554 E Hopkins Road Gilbert, AZ 85295

4 Beds 3 Baths 2,278 sqft Built 2004

$455,600

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $200.00
  • 4 Days on Market
  • MLS # : 6205498
  • Updated Date : 03/13/2021 at 03:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,278 sqft
  • Baths : 3 full
Listing Agent

United Brokers Group

Listing Agent's Description

This beautiful 4 bedroom, 3 bath home w/loft was completely redone in 2018. All new Custom Cabinetry throughout, new Granite Countertops, new SS Appliances, new Flooring, new Paint inside & out, 2 new A/C units, new Water Heater, & new Roof. Open floor plan w/Vaulted Ceiling at Entry, LR, & DR. One bedroom & bath on first floor. Oversized Side-Entry 2.5 car garage. Great location close to shops.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler Ginning

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Chandler Ginning

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9651981

* 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
Cooley Middle School Middle Unknown 915 39 NA
Williams Field High School High Regular 1,705 64 7

Cooley Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 39
NA
GreatSchools Rating

Williams Field High School

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

$410,040$501,160$455,600

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,582
Property Tax -$311
Property Insurance -$72
HOA -$55
Property Management Fees -$99
CASH FLOW
-$69

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.

$455,600

PROJECTED PRICE

$2,050

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$126,484

INVESTMENT

$126,484

Down Payment
$113,900
Rehab Estimate
$5,750
Closing Costs
$6,834

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,582

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,900
Loan Amount $341,700
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,124

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9953$2,0504$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 3554 E Hopkins Road Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.90
    •  
  • 3440 E Morelos Court Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 3242 S Moccasin Trail Gilbert, AZ 2
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2001
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 3753 E Phelps Street Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2006
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.95
    •  
  • 3661 E Waite Lane Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,225 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,225 Sqft ∙ Built 2007
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
Lynda Redding
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205498
Last Updated: 03/13/2021
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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