Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4225 E Ivanhoe Street Gilbert, AZ 85295

5 Beds 3 Baths 2,490 sqft Built 2000

$499,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $200.76
  • 2 Days on Market
  • MLS # : 6206809
  • Updated Date : 03/13/2021 at 05:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,490 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Incredible home centrally located in super location of Gilbert near San Tan Village shopping, dining, freeway, nearby Post @ Cooley Station shopping, & so much more. Sitting on a large corner lot, this home has been beautifully remodeled with wood like luxury plank vinyl throughout , ALL brand plumbing throughout WHOLE home, upgraded bathrooms, kitchen, & fireplace/shiplap wall. The home features 5 bedrooms and 3 baths with 1 conveniently located downstairs and a full bath. Large master bedroom and bathroom. Nice backyard just remodeled in 2020 featuring large covered patio, tons of pavers, fire pit, artificial turf, beautiful planters with new irrigation, large side yard with concrete and double gates. Tesla Solar panels save so much in electric bills!!! Just stunning!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashley Heights

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Ashley Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9881981

* 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
Cooley Middle School Middle Unknown 915 39 NA
Williams Field High School High Regular 1,705 64 7

Cooley Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 39
NA
GreatSchools Rating

Williams Field High School

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

$449,910$549,890$499,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,736
Property Tax -$341
Property Insurance -$76
HOA -$19
Property Management Fees -$99
CASH FLOW
-$352

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.

$499,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.1%
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

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$5,600

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
  • $1,874

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,8954$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 4225 E Ivanhoe Street Gilbert, AZ 1
    • 5 beds 3 baths ∙ 2,490 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,490 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4307 E Pony Lane Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 2015
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.72
    •  
  • 4179 E Pony Lane Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2015
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 1568 S Hawk Court Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2002
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 4165 E Pony Lane Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 2015
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.73
    •  
PROPERTY LISTING DETAILS
Michelle Mazzola
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206809
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy