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4241 E Carla Vista Drive Gilbert, AZ 85295

4 Beds 3 Baths 1,601 sqft Built 2007

$349,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $218.55
  • 7 Days on Market
  • MLS # : 6152958
  • Updated Date : 10/31/2020 at 10:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,601 sqft
  • Baths : 2 full , 1 half
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Check out this beautiful Move-In Ready home in desirable Gilbert, AZ! This beautiful 4 bedroom, 2.5 bath with a loft has been perfectly renovated by the current owner. Brand new paint throughout, new recessed lighting, beautiful quartz countertops, and gorgeous laminate both down stairs and in the bedrooms. This home is located in a beautiful community, right across from the park with volleyball courts, playgrounds, and 2 community pools! This is a prime location in Gilbert, with Top Golf and SanTan Village near by. Along with the newest developments like Verde at Cooley Station which is a $100 million development project happening right outside of your community.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Willows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Willows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8521981

* 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
Gateway Pointe Elementary School Primary Regular 755 36 7
Gateway Pointe Elementary School Middle Regular 755 36 7
Williams Field High School High Regular 1,705 64 7

Gateway Pointe Elementary School

  • Education Level: Primary
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Gateway Pointe Elementary School

  • Education Level: Middle
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Williams Field High School

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

$314,910$384,890$349,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,291
Property Tax -$239
Property Insurance -$58
HOA -$84
Property Management Fees -$99
CASH FLOW
-$211

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.

$349,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,124

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
  • $1,653

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5754$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 4241 E Carla Vista Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 1,601 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,601 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4116 E Tyson Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 2008
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.02
    •  
  • 4030 E Tyson Street Gilbert, AZ 3
    • 4 beds 3 baths ∙ 1,601 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,601 Sqft ∙ Built 2009
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.98
    •  
  • 4117 E Tulsa Street Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 4129 E Fairbanks Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 1,601 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,601 Sqft ∙ Built 2011
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
PROPERTY LISTING DETAILS
Gabriela Avila
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152958
Last Updated: 10/31/2020
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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