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3710 E Liberty Lane Gilbert, AZ 85296

6 Beds 3 Baths 4,109 sqft Built 2004

INVESTimate

$539,900

List Price

$2,700

$2,450 - $2,950

Rent Est.

$570,836  ( +5.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $131.39
  • 5 Days on Market
  • MLS # : 6120394
  • Updated Date : 08/21/2020 at 17:45
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,109 sqft
  • Baths : 3 full
Listing Agent

Sterling Signature Properties

Listing Agent's Description

This Gilbert home will impress you from top to bottom! With 6 bedrooms, 3 bathrooms, and over 4,100 square feet, you will have all the space you need! The open-concept kitchen boasts a large granite island that seats 6, stainless steel appliances, a walk-in pantry, and plenty of cabinet space. Color-changing lighting under the island and behind the TV add a fun pop of color! You'll also find two bedrooms and a full bathroom downstairs. Head upstairs to a huge loft space, the master suite, 3 additional bedrooms, another full bath, and the laundry room. Through double-doors is the giant master suite with two walk-in closets (don't miss the one behind the secret door!) and a gorgeous master bathroom. The low-maintenance backyard won't disappoint with artificial grass, an above-ground

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PRICE & RENT TRENDS

Neighborhood: Ray Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k358k

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

Neighborhood: Ray Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9161981

* 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
Gateway Pointe Elementary School Primary Regular 755 36 7
Gateway Pointe Elementary School Middle Regular 755 36 7
Williams Field High School High Regular 1,705 64 7

Gateway Pointe Elementary School

  • Education Level: Primary
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Gateway Pointe Elementary School

  • Education Level: Middle
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Williams Field High School

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

$485,910$593,890$539,900

PURCHASE PRICE

$2,430$2,970$2,700

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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 $2,700
EXPENSES Loan Payment -$1,992
Property Tax -$369
Property Insurance -$107
HOA -$70
Property Management Fees -$99
CASH FLOW
$63

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.

$539,900

PROJECTED PRICE

$2,700

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$41,960

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $3,246

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$3,900
$3,900
RENT COMPS ANALYSIS
  • 3710 E Liberty Lane Gilbert, 1
    • 6 beds 3 baths ∙ 4,109 Sqft ∙ Built 2004 6 beds 3 baths ∙ 4,109 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.66
    •  
  • 2124 S Stuart Avenue Gilbert, 2
    • 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2001
    property image
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.70
    •  
  • 4244 E Caroline Lane Gilbert, 3
    • 6 beds 4 baths ∙ 4,422 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,422 Sqft ∙ Built 2003
    property image
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Sarah E Blanton
Sterling Signature Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120394
Last Updated: 08/21/2020
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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