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4238 E Stanford Avenue Gilbert, AZ 85234

3 Beds 2 Baths 1,351 sqft Built 1992

$399,900

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $296.00
  • 3 Days on Market
  • MLS # : 6181215
  • Updated Date : 01/15/2021 at 05:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,351 sqft
  • Baths : 2 full
Listing Agent

Momentum Brokers Llc

Listing Agent's Description

You've found your next home! Welcome to this single story home with a great open layout boasting a fireplace perfect for this cold season and vaulted ceilings that gives a large more open feel. The open concept kitchen features granite counters, pantry, subway back-splash, SS appliances, island for prep & breakfast bar, custom cabinets, and bay window ideal for a breakfast nook. In the main bedroom, you will find another bay window that gives so much natural light and a modern bath with tiled shower, dual sinks & walk-in closet. Out back, enjoy your favorite beverage under the covered patio, play on the sparkling pool or cozying up next to the firepit. Fabulous location with quick freeway access and near the community park, schools, shopping, and restaurants. Make this home yours now!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Towne Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Towne Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9681981

* 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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,389
Property Tax -$237
Property Insurance -$54
HOA -$5
Property Management Fees -$99
CASH FLOW
-$214

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.

$399,900

PROJECTED PRICE

$1,570

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,5953$1,6504$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 4238 E Stanford Avenue Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.16
    •  
  • 3976 E Douglas Loop Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1996
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.14
    •  
  • 4326 E Encinas Avenue Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1990
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
  • 4075 E Orion Street Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1996
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.17
    •  
  • 4343 E Encinas Avenue Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1992
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.17
    •  
PROPERTY LISTING DETAILS
Edgar Chavez
Momentum Brokers Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181215
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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