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3808 E Leah Court Gilbert, AZ 85234

5 Beds 4 Baths 3,549 sqft Built 1998

$575,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $162.02
  • 4 Days on Market
  • MLS # : 6175783
  • Updated Date : 12/31/2020 at 23:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,549 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

THIS is the one you've waited for! GORGEOUS complete remodel in late 2018 with ALL NEW kitchen, baths, flooring, fixtures, paint inside/out & pool pump! Both AC units, shutters, pool fence, alarm, soft water, R/O, garage doors & openers all new in 2019. And what a floorplan! Five HUGE bedrooms, 3.5 baths, PLUS den, PLUS a gigantic loft/game room. Look at these room sizes! Plenty of space for everyone to spread out. Master and den (which could be a dining room with doors) are downstairs. Bedroom 2 has private bath. Beautiful backyard with fenced pebble-sheen pool, grassy play area, shed/playhouse, wide side yards & RV gate. Located on a cul-de-sac street, 3 houses from tot lot & 2 blocks from A-rated elementary school. Backs to quiet, dead-end street of acre-plus homes. A HONEY OF A HOME!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Highland Groves

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k513k

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

Neighborhood: Highland Groves

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10362373

* 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
Carol Rae Ranch Elementary School Primary Regular 594 37 7
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8

Carol Rae Ranch Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 37
7
GreatSchools Rating

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,122
Property Tax -$341
Property Insurance -$96
HOA -$23
Property Management Fees -$99
CASH FLOW
$179

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.

$575,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$58,927

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
  • $2,508

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2953$2,3004$2,500
$2,500
RENT COMPS ANALYSIS
  • 3808 E Leah Court Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2545 S Revolta -- Mesa, AZ 2
    • 5 beds 3 baths ∙ 3,372 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,372 Sqft ∙ Built 1996
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.68
    •  
  • 4632 E Harwell Street Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,275 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,275 Sqft ∙ Built 1994
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.70
    •  
  • 3525 E Gary Way Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 2007
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
PROPERTY LISTING DETAILS
Deborah Dellis
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175783
Last Updated: 12/31/2020
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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