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431 E Vaughn Avenue Gilbert, AZ 85234

4 Beds 2 Baths 2,357 sqft Built 1990

$539,900

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $229.06
  • 3 Days on Market
  • MLS # : 6155698
  • Updated Date : 11/07/2020 at 18:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,357 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Don't miss out! This wonderful home sits on the lake and is a rare find. The kitchens was completely remodeled in 2019 with new cabinets, quartzite counter tops and stainless appliances. The large pebble pool with water features has an easy care salt system. There are dual pane windows throughout and most of the interior has fresh paint.Very close to downtown Gilbert and all the restaurants. Homes on the lake in this community do not last long.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonebridge Lakes Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k430k

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

Neighborhood: Stonebridge Lakes Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362185

* 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
Burk Elementary School Primary Regular 471 32 7
Burk Elementary School Middle Regular 471 32 7
Gilbert High School High Regular 2,470 113 7

Burk Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 32
7
GreatSchools Rating

Burk Elementary School

  • Education Level: Middle
  • # of students: 471
  • # of teachers: 32
7
GreatSchools Rating

Gilbert High School

  • Education Level: High
  • # of students: 2,470
  • # of teachers: 113
7
GreatSchools Rating
 

$485,910$593,890$539,900

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,992
Property Tax -$318
Property Insurance -$73
HOA -$10
Property Management Fees -$99
CASH FLOW
-$351

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.

$539,900

PROJECTED PRICE

$2,140

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,808

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,263

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1403$2,2954$2,3505$2,595
$2,595
RENT COMPS ANALYSIS
  • 431 E Vaughn Avenue Gilbert, AZ 2
    • 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.91
    •  
  • 507 E Hearne Way Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1993
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 361 E Aspen Way Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 1984
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.00
    •  
  • 320 N Corrine Drive Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1989
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
  • 1107 E Cullumber Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 1988
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.99
    •  
PROPERTY LISTING DETAILS
Eric Townsley
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155698
Last Updated: 11/07/2020
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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