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4215 E Comstock Drive Gilbert, AZ 85296

4 Beds 3 Baths 3,072 sqft Built 2016

$649,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $211.56
  • 2 Days on Market
  • MLS # : 6160418
  • Updated Date : 11/14/2020 at 18:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,072 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Gorgeous single story, 4 bedroom plus den, 3 bath, 3 car garage home for sale on 9000+ square ft. corner lot across from community park at Morrison Ranch in Gilbert, AZ! Home features over $80,000 in upgrades! Manicured landscaping, cozy front porch and stone accent elevation creates beautiful curb appeal! Step inside to the bright, spacious split floorplan with neutral colors for any decor, elegant coffered ceilings in entry and living room, plantation shutters and wood plank tile throughout except carpeted bedrooms. The spacious island kitchen is any chef's dream with plenty of staggered cabinets, quartz counters, large walk in pantry, butler's pantry, beautiful pendants above oversized breakfast bar and stainless steel appliances, including double ovens. Relax at the end of

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
Greenfield Elementary School Primary Regular 720 42 10
Greenfield Elementary School Middle Regular 720 42 10
Highland High School High Regular 3,065 123 8

Greenfield Elementary School

  • Education Level: Primary
  • # of students: 720
  • # of teachers: 42
10
GreatSchools Rating

Greenfield Elementary School

  • Education Level: Middle
  • # of students: 720
  • # of teachers: 42
10
GreatSchools Rating

Highland High School

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

$584,910$714,890$649,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,398
Property Tax -$402
Property Insurance -$87
HOA -$37
Property Management Fees -$99
CASH FLOW
-$734

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.

$649,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.35%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,327

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1253$2,2004$2,2905$2,295
$2,295
RENT COMPS ANALYSIS
  • 4215 E Comstock Drive Gilbert, AZ 4
    • 4 beds 3 baths ∙ 3,072 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,072 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.75
    •  
  • 761 N Pheasant Drive Gilbert, AZ 1
    • 5 beds 4 baths ∙ 2,753 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,753 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.72
    •  
  • 4108 E Breckenridge Way Gilbert, AZ 2
    • 5 beds 4 baths ∙ 2,753 Sqft ∙ Built 1998 5 beds 4 baths ∙ 2,753 Sqft ∙ Built 1998
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.77
    •  
  • 4131 E Cullumber Court Gilbert, AZ 3
    • 5 beds 3 baths ∙ 2,734 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,734 Sqft ∙ Built 2005
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 3916 E Marlene Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 3,111 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,111 Sqft ∙ Built 2009
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.74
    •  
PROPERTY LISTING DETAILS
Cheryl Kirby
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160418
Last Updated: 11/14/2020
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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