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3970 E Pinon Court Gilbert, AZ 85234

4 Beds 2 Baths 1,922 sqft Built 1998

$420,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $218.52
  • 3 Days on Market
  • MLS # : 6157401
  • Updated Date : 11/06/2020 at 22:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,922 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Come see this fabulous two story home!! Quiet cul-de-sac- marvelous neighborhood! Enter home to be greeted by a formal living & dining room with vaulted ceilings. Continue into the cozy family room which overlooks the kitchen. Immaculate kitchen offers custom cabinets, stainless steel appliances, granite counters, and pantry. Upstairs you will find the spacious bedrooms. The main bedroom includes walk-in closet and beautiful bath with separate tub/shower & double sinks. One of the guest bedrooms has sliding doors that opens to a gorgeous balcony! Enchanting backyard features shady trees, covered patio, and large dirt area perfect to plant green grass. Brand new AC under warranty! This wonderful property definitely won't last long! You won't want to miss this!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Dorado at the Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: El Dorado at the Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9561981

* 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
Highland Park Elementary School Primary Regular 907 48 9
Highland Park Elementary School Middle Regular 907 48 9
Highland High School High Regular 3,065 123 8

Highland Park Elementary School

  • Education Level: Primary
  • # of students: 907
  • # of teachers: 48
9
GreatSchools Rating

Highland Park Elementary School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 48
9
GreatSchools Rating

Highland High School

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

$378,000$462,000$420,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,550
Property Tax -$249
Property Insurance -$65
HOA -$36
Property Management Fees -$99
CASH FLOW
-$228

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.

$420,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$11,031

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
  • $1,951

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8253$1,9004$2,0005$2,295
$2,295
RENT COMPS ANALYSIS
  • 3970 E Pinon Court Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.93
    •  
  • 3917 E Stanford Avenue Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 937 N Owl Circle Gilbert, AZ 4
    • 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1988
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 3830 E Kroll Drive Gilbert, AZ 5
    • 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1996
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.14
    •  
PROPERTY LISTING DETAILS
Heidi Roberts
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157401
Last Updated: 11/06/2020
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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