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4252 E Toledo Street Gilbert, AZ 85295

3 Beds 3 Baths 1,926 sqft Built 2015

$359,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $186.40
  • 2 Days on Market
  • MLS # : 6178865
  • Updated Date : 01/09/2021 at 23:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,926 sqft
  • Baths : 2 full , 1 half
Listing Agent

Argo Real Estate Professionals

Listing Agent's Description

Great two story in Fincher Fields at Cooley Station! Still looks brand new! Clean, Contemporary, MOVE IN READY! Spacious home with easy maintenance backyard. BEAUTIFUL kitchen with granite counters and stainless steel appliances. Plank tile and and carpet in the bedrooms make this a floor to ceiling MUST SEE! Jack and Jill bedroom/ bathroom to top off this amazing Gilbert home.

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
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,247
Property Tax -$245
Property Insurance -$65
HOA -$100
Property Management Fees -$99
CASH FLOW
-$96

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.

$359,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.46%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,786

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6603$1,6954$1,7805$1,795
$1,795
RENT COMPS ANALYSIS
  • 4252 E Toledo Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,926 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,926 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.86
    •  
  • 4306 E Toledo Street Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2017
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 4258 E Pony Lane E Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2015
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 4220 E Erie Street Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2015
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.88
    •  
  • 4248 E Vest Avenue Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2007
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
PROPERTY LISTING DETAILS
Damian Godoy
Argo Real Estate Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178865
Last Updated: 01/09/2021
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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