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3677 E Flower Street Gilbert, AZ 85298

3 Beds 2 Baths 1,284 sqft Built 2004

$333,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $259.35
  • 3 Days on Market
  • MLS # : 6167854
  • Updated Date : 12/04/2020 at 14:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,284 sqft
  • Baths : 2 full
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

Move In ready Gilbert home in highly desired Seville Community!! Beautiful custom front security door as you enter very functional great room floor plan. Exterior and Interior of home has just been painted. Bright eat in kitchen with lots of windows and newly painted kitchen cabinets. Owner has just upgraded flooring with porcelain plank tile . Built in computer desk in hall way. Master Bedroom/Bath has plantation shutters ,new flooring ,walk in closet and double sinks. Large N/S facing lot -backyard has covered patio and room for a pool . Large wood storage shed stays with home. Buyer is eligible to join Seville Country Club and use all the amenities such as golf ,tennis ,dining ,clubhouse ,swimming and more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Seville

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k388k

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

Neighborhood: Seville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362109

* 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
Auxier Elementary School Primary Regular NA
Casteel High School Middle Regular NA
Casteel High School High Regular NA

Auxier Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Casteel High School

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

Casteel High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$299,700$366,300$333,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,229
Property Tax -$232
Property Insurance -$52
HOA -$12
Property Management Fees -$99
CASH FLOW
$6

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.

$333,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,995

INVESTMENT

$93,995

Down Payment
$83,250
Rehab Estimate
$5,750
Closing Costs
$4,995

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,229

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,250
Loan Amount $249,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$23,312

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
  • $1,519

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7004$1,875
$1,875
RENT COMPS ANALYSIS
  • 3677 E Flower Street Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3823 E Palmer Street Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2003
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.19
    •  
  • 3854 E Flower Street Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2005
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.20
    •  
  • 3613 E Meadowview Drive Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2004
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.16
    •  
PROPERTY LISTING DETAILS
Sam Vega
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167854
Last Updated: 12/04/2020
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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