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3912 E Perkinsville Street Gilbert, AZ 85295

3 Beds 2 Baths 1,866 sqft Built 2017

$459,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $246.46
  • 5 Days on Market
  • MLS # : 6180404
  • Updated Date : 01/14/2021 at 21:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,866 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Inviting curb appeal w/ brick paver driveway & walkway to front porch. This charming 3 bed, 2 bath home is located in Cooley Station. Tile & carpet in all the right places. Soft color palette. Home office/den. Spacious open floor plan for the kitchen, dining & family room. Stunning eat-in kitchen, gorgeous custom cabinets, beautiful granite counters, subway tiled backsplash, huge island w/ breakfast bar seating, gas cooktop, wall mount oven & microwave & walk-in pantry w/ etched glass door. Interior laundry w/ storage cabinets. Bedrooms have plush carpeting & ceiling fans. The Owner's Suite has a beautiful 3/4 bath w/ raised double vanity, step-in super shower and walk-in closet. Community pool, Spa, Children's playground. Close to the 202, SanTan Village & top-rated schools!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361987

* 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
Higley Traditional Academy Primary Regular 645 29 9
Higley Traditional Academy Middle Regular 645 29 9
Williams Field High School High Regular 1,705 64 7

Higley Traditional Academy

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 29
9
GreatSchools Rating

Higley Traditional Academy

  • Education Level: Middle
  • # of students: 645
  • # of teachers: 29
9
GreatSchools Rating

Williams Field High School

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

$413,910$505,890$459,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,597
Property Tax -$314
Property Insurance -$64
HOA -$134
Property Management Fees -$99
CASH FLOW
-$388

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.

$459,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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-$5.0k$0.0$5.0k$10k

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$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,829

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8203$1,8954$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 3912 E Perkinsville Street Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.98
    •  
  • 4085 E Vest Avenue Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 2008
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 3879 E Robert Street Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2017
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
  • 3872 E Welton Lane Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2017
    property image
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 2266 S Annie Lane Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2015
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
PROPERTY LISTING DETAILS
Atif Musharbash
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180404
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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