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3716 E Andre Avenue Gilbert, AZ 85298

3 Beds 2 Baths 2,097 sqft Built 2004

$435,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $207.44
  • 3 Days on Market
  • MLS # : 6199399
  • Updated Date : 02/26/2021 at 13:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,097 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

This Ideal open floorplan single level home with a pool in Seville is a must see! This split floor plan offers 3 bedrooms with additional den/home office or work out area. The spacious master suite has LARGE walk- in closet, master bathroom has a separate walk-in shower, soaking tub and separate toilet area, The main living area features an open eat in kitchen with island and granite counter tops. Entertainers Delight The low maintenance backyard includes self cleaning sparkling play pool, grass, covered patio. Not to mention no nearby two story homes looking down into the backyard. Garage built-ins. Located in the luxurious Seville Golf & Country Club community, Gilbert's private country club. Please visit www.clubcorp.com/Club/Seville-Golf-Country-Club walking distance Riggs elementary

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,511
Property Tax -$304
Property Insurance -$68
HOA -$12
Property Management Fees -$99
CASH FLOW
-$64

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.

$435,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.44%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,097

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
  • $1,971

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8923$1,9004$2,0605$2,200
$2,200
RENT COMPS ANALYSIS
  • 3716 E Andre Avenue Gilbert, AZ 1
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3668 E Jaguar Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2005
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,892
    • $0.90
    •  
  • 3441 E Arianna Avenue Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2004
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 4093 E Clubview Drive Gilbert, AZ 4
    • 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2001
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.95
    •  
  • 3227 E Virgil Drive Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2010
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
PROPERTY LISTING DETAILS
Shelly Nemeth
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199399
Last Updated: 02/26/2021
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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