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3932 E Stanford Avenue Gilbert, AZ 85234

4 Beds 3 Baths 2,039 sqft Built 1996

$396,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $194.21
  • 3 Days on Market
  • MLS # : 6165181
  • Updated Date : 11/27/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,039 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Foothills

Listing Agent's Description

Gorgeous 2-story, 4 bedroom, 2.5 bathroom home in Gilbert's Carol Rae Ranch community! Kitchen features tons of cabinet space for storage, large kitchen island and white cabinets. Living area is complete with sliding glass door to beautiful backyard complete with private pool! Upstairs master features full attached bathroom with double sinks, soaking tub, and large walk-in closet! Brand new hot water heater, new front security door, and brand new built-in cabinets in the garage. This home is move-in ready! Don't miss out on this awesome home

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carol Rae Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Carol Rae Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9591981

* 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
 

$356,400$435,600$396,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,461
Property Tax -$235
Property Insurance -$67
HOA -$14
Property Management Fees -$99
CASH FLOW
-$6

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.

$396,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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

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$110,690

INVESTMENT

$110,690

Down Payment
$99,000
Rehab Estimate
$5,750
Closing Costs
$5,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,461

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,000
Loan Amount $297,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$27,091

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,866

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8253$1,8494$1,8705$1,900
$1,900
RENT COMPS ANALYSIS
  • 3932 E Stanford Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.92
    •  
  • 3901 E San Pedro Avenue Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 1997
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 4208 E Stanford Avenue Gilbert, AZ 2
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1992
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.93
    •  
  • 4125 E San Pedro Avenue Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1992
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.86
    •  
  • 3917 E Stanford Avenue Gilbert, AZ 5
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
PROPERTY LISTING DETAILS
Amanda Hofeling
Re/max Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165181
Last Updated: 11/27/2020
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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