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4300 E Walnut Road Gilbert, AZ 85298

2 Beds 2 Baths 1,650 sqft Built 1999

INVESTimate

$389,000

List Price

$1,650

$1,485 - $1,815

Rent Est.

$406,583  ( +4.52%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $235.76
  • 8 Days on Market
  • MLS # : 6119333
  • Updated Date : 08/20/2020 at 13:32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,650 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

PRICE & RENT TRENDS

Neighborhood: Meadowbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k353k

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

Neighborhood: Meadowbrook Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9701866

* 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
Cortina Elementary School Primary Regular 947 42 10
Cortina Elementary School Middle Regular 947 42 10
Higley High School High Regular 1,596 70 7

Cortina Elementary School

  • Education Level: Primary
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Cortina Elementary School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,435
Property Tax -$267
Property Insurance -$59
HOA -$149
Property Management Fees -$99
CASH FLOW
-$360

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$389,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.52%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,891

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
  • $1,794

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5004$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 4300 E Walnut Road Gilbert, 1
    • 2 beds 2 baths ∙ 1,650 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,650 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4707 E Carob Drive Gilbert, 2
    • 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 2003
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 4985 S Citrus Court Gilbert, 3
    • 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
  • 4128 E Indigo Street Gilbert, 4
    • 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 5141 S Eucalyptus Drive Gilbert, 5
    • 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,604 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
PROPERTY LISTING DETAILS
Richard Johnson
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119333
Last Updated: 08/20/2020
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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