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3758 E Betsy Lane Gilbert, AZ 85296

5 Beds 3 Baths 4,109 sqft Built 2003

$599,900

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $146.00
  • 2 Days on Market
  • MLS # : 6201813
  • Updated Date : 03/20/2021 at 01:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,109 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Walk in the door and say WOW, I'm home!!! Beautiful 5 Bedroom/3 Bath( Easily convert den into 6th bedroom) Plank tile in all downstairs living areas. Gorgeous white Cabinets with tons of storage. Stainless steel appliances, including refrigerator. Sun screens on all windows. Look out of the extra large windows to grassy, Beautifully Landscaped yard. Built in fire pit, plenty of area for patio furniture. extremely large Master retreat with 2 extra large his and hers walk in closets. Additional 3 bedrooms also have walk in closets. Seriously BIG loft for rec room pool table, kids play area. Very Large Den downstairs. 5th bdrm downstairs This house is Spacious and BEAUTIFUL.

SEE MORE

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
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
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,084
Property Tax -$410
Property Insurance -$107
HOA -$70
Property Management Fees -$99
CASH FLOW
-$89

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.

$599,900

PROJECTED PRICE

$2,680

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.7%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$25,357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $3,123

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6803$3,900
$3,900
RENT COMPS ANALYSIS
  • 3758 E Betsy Lane Gilbert, AZ 2
    • 5 beds 3 baths ∙ 4,109 Sqft ∙ Built 2003 5 beds 3 baths ∙ 4,109 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $0.65
    •  
  • 716 S Parkcrest Street Gilbert, AZ 1
    • 4 beds 3 baths ∙ 4,038 Sqft ∙ Built 2004 4 beds 3 baths ∙ 4,038 Sqft ∙ Built 2004
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.64
    •  
  • 4244 E Caroline Lane Gilbert, AZ 3
    • 6 beds 4 baths ∙ 4,422 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,422 Sqft ∙ Built 2003
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Sheri Hicks
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201813
Last Updated: 03/20/2021
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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