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3571 E Fairview Street Gilbert, AZ 85295

4 Beds 2 Baths 2,212 sqft Built 2002

$470,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $212.48
  • 2 Days on Market
  • MLS # : 6208792
  • Updated Date : 03/21/2021 at 04:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,212 sqft
  • Baths : 2 full
Listing Agent

Darcam Real Estate Investments

Listing Agent's Description

**MULTIPLE OFFERS RECEIVED. PLEASE SUBMIT HIGHEST & BEST BY 5PM ON 3/21.**Welcome home! This beauty has over $40,000 in upgrades. Beautiful 4 bedroom, 2 bath home in the heart of Gilbert. Close to Discovery park, the San Tan mall with plenty of shopping as well as great schools and restaurants! The kitchen is an entertainers dream where memories are sure to be made on the huge island and all new SS appliances. The bathrooms have been completely updated and refinished. The backyard is a spa/pool that is perfect for Arizona summer! backyard is complete with a bulit in BBQ and easy to maintain landscaping. Open concept is perfect for hosting and entertaining. Stop by and see for yourself!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pecos Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k374k

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

Neighborhood: Pecos Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10362086

* 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
 

$423,000$517,000$470,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,632
Property Tax -$321
Property Insurance -$70
HOA -$20
Property Management Fees -$99
CASH FLOW
-$83

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.

$470,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$19,641

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,063

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9953$2,0604$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 3571 E Fairview Street Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.93
    •  
  • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jennifer Ervin
Darcam Real Estate Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208792
Last Updated: 03/21/2021
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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