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4118 E Laurel Avenue Gilbert, AZ 85234

4 Beds 3 Baths 3,705 sqft Built 2001

$619,990

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $167.34
  • 5 Days on Market
  • MLS # : 6165081
  • Updated Date : 12/05/2020 at 11:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,705 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

**First Showing available 12/5.** Please provide at least 1hr notice. Immense upgrades & features that dictate this being a true gem in the area. Not a detail left untouched, remodeled top to bottom. As you enter home you will notice right away all the designer details. Approaching kitchen great room take note of the wide open feel with full wall of windows opening up to backyard. Beautiful spacious kitchen beautiful cabinets and granite counters. Large patio and pool makes for a great resort style feel. Additional covered patio area on side yard for more enjoyment. Progressing through home you will see the fine detail touches, wood beams, brickwork, lighting and paint. Equipped with Nest and Electronic Lock on the front door. This one is hard to top!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Collene

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k524k

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

Neighborhood: Rancho Collene

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10362508

* 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
Towne Meadows Elementary School Primary Regular 634 33 9
Towne Meadows Elementary School Middle Regular 634 33 9
Highland High School High Regular 3,065 123 8

Towne Meadows Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 33
9
GreatSchools Rating

Towne Meadows Elementary School

  • Education Level: Middle
  • # of students: 634
  • # of teachers: 33
9
GreatSchools Rating

Highland High School

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

$557,991$681,989$619,990

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,287
Property Tax -$368
Property Insurance -$99
HOA -$22
Property Management Fees -$99
CASH FLOW
-$515

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.

$619,990

PROJECTED PRICE

$2,360

PROJECTED RENT

0.38%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,047

INVESTMENT

$170,047

Down Payment
$154,998
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,287

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,998
Loan Amount $464,993
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,674

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
  • $2,618

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,2954$2,795
$2,795
RENT COMPS ANALYSIS
  • 4118 E Laurel Avenue Gilbert, AZ 1
    • 4 beds 3 baths ∙ 3,705 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,705 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4335 E Rawhide Street Gilbert, AZ 2
    • 5 beds 4 baths ∙ 3,453 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,453 Sqft ∙ Built 2016
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.64
    •  
  • 2545 S Revolta -- Mesa, AZ 3
    • 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
    •  
  • 3710 E Palo Verde Street Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,503 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,503 Sqft ∙ Built 2011
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.80
    •  
PROPERTY LISTING DETAILS
Casey Huynh
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165081
Last Updated: 12/05/2020
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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