Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3558 E Chestnut Lane Gilbert, AZ 85298

5 Beds 4 Baths 4,532 sqft Built 2014

$799,990

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $176.52
  • 2 Days on Market
  • MLS # : 6182026
  • Updated Date : 01/16/2021 at 22:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,532 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful open two story home in the beautiful Bridges community. Huge island kitchen with sitting room, large walk-in pantry with direct access to dinning room. Huge master bedroom and bath with access to work out room, very large closet leading to the laundry room. Upstairs has jack & Jill bath on one side, a huge loft and two bedrooms w/shared full bath. Back room leads out to balcony. Custom Pool w/glass bead finish and baha area. Custom outdoor kitchen with concrete tops, barbeque, griddle and TV. Owner has a dog and cat, please give 30 min notice before showing

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bridges at Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k424k

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

Neighborhood: Bridges at Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10362234

* 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
Power Ranch Elementary School Primary Regular 713 34 10
Power Ranch Elementary School Middle Regular 713 34 10
Higley High School High Regular 1,596 70 7

Power Ranch Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 34
10
GreatSchools Rating

Power Ranch Elementary School

  • Education Level: Middle
  • # of students: 713
  • # of teachers: 34
10
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$719,991$879,989$799,990

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$2,779
Property Tax -$518
Property Insurance -$115
HOA -$33
Property Management Fees -$99
CASH FLOW
$76

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.

$799,990

PROJECTED PRICE

$3,620

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 12.4%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,747

INVESTMENT

$217,747

Down Payment
$199,998
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,998
Loan Amount $599,993
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$51,329

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
  • $4,283

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4503$4,900
$4,900
RENT COMPS ANALYSIS
  • 3558 E Chestnut Lane Gilbert, AZ 1
    • 5 beds 4 baths ∙ 4,532 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,532 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2560 E Carob Drive Gilbert, AZ 2
    • 6 beds 5 baths ∙ 4,305 Sqft ∙ Built 2010 6 beds 5 baths ∙ 4,305 Sqft ∙ Built 2010
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.80
    •  
  • 17798 E Appaloosa Drive Queen Creek, AZ 3
    • 4 beds 4 baths ∙ 4,500 Sqft ∙ Built 2019 4 beds 4 baths ∙ 4,500 Sqft ∙ Built 2019
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.09
    •  
PROPERTY LISTING DETAILS
Brian Preblich
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182026
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy